For much of US history, what today we call a penny would buy what we today call a dollar worth of goods.
A penny could buy you a newspaper, or a piece of candy, or a small food item. A lot of things were five cents, in the same way that a lot of things today are between 3 and 5 dollars.
Inflation doesn't look so bad because technology drove the price of a lot of big ticket items down, but if that were the case, why isn't a newspaper .30 cents like the cpi suggests? Why is it almost nothing is 30 cents, and even very few things are a dollar?
Really goes to show you how much our currencies have lost their value in the past 100 years.
A penny could buy you a newspaper, or a piece of candy, or a small food item. A lot of things were five cents, in the same way that a lot of things today are between 3 and 5 dollars.
Inflation doesn't look so bad because technology drove the price of a lot of big ticket items down, but if that were the case, why isn't a newspaper .30 cents like the cpi suggests? Why is it almost nothing is 30 cents, and even very few things are a dollar?
Really goes to show you how much our currencies have lost their value in the past 100 years.
@sj_zero and the dollar tree is now 1.25 for everything, and most items are now 1.50 and there's a lot of $5 and up shit