Upon inception it was set at $0.25. It is now $7.25.

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[–] 103 points 3 years ago (8 children)

Might as well use the latest numbers for this comparison. Yes, inflation is still absolutely sucking us all dry.

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  • [–] 60 points 3 years ago* (2 children)

    This is if you actually believe CPI is a legitimate measure, despite the cost of all the big ticket expenses like housing, education, and healthcare increasing 5x or more above inflation.

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  • [–] 0 points 3 years ago* (last edited 3 years ago) (3 children)

    inflation is still absolutely sucking us all dry.

    However, as a side note, inflation is absolutely essential to keep the economy healthy. Most developed countries around the world have a goal of 2 percent inflation. US inflation is currently 3.7 percent before seasonal adjustments.

    Edit: Wow. Lots of people here who need to retake Econ 101.

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  • [–] 19 points 3 years ago

    Inflation is important because it punishes the hoarding of wealth and encourages spending. When investments grow greater than inflation but wages grow slower, it's problematic because the investing class is rewarded for having money while the working class is punished.

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  • [–] 1 point 2 years ago

    well no, the econ 101 guys are the ones calling for getting rid of inflation, you actually need to get a bit further down into the mud to get to "inflation is super important and one of few reasons for investment instead of dragon hordes"

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