The Inflation Tax: 113 Years of US CPI Data (1913–2026)
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The US dollar lost 96.9% of its value since 1914. Four inflationary episodes spanning 29% of the time caused 72% of the destruction. Monthly dataset, 1,357 obs.
  • CompactFlax@discuss.tchncs.deEnglish
    4·
    16 days ago

    30% happened during the “great inflation”. I’m no economist but that’s a new term for me.

    What are the causes of inflation for these periods? World wars saw a spike in GDP, didn’t they? Is it because the production output was destroyed or sold to insolvent countries?

  • TacoButtPlug@sh.itjust.worksEnglish
    2·
    16 days ago

    It should be outlawed to lay people off during these spikes. So then deflation doesn’t result in a 10% unemployment rate.