This is the top post for a reason. The printing presses never stops. It’s just assumed they are running 24/7/365 in overdrive & accelerating. This will destroy the economy. Even one as big as ours.
but another way to look at it is that 100 USD-1933 has lost so much purchasing power that $100 USD-2022 is worth 4.67 USD-1933.
And to be clear, that loss of value was done on purpose by the government who has not has been intentionally printing more and more money perpetually since basically that year.
This is the top post for a reason. The printing presses never stops. It’s just assumed they are running 24/7/365 in overdrive & accelerating. This will destroy the economy. Even one as big as ours.
This is why I like constantly going back to www.in2013dollars.com
Besides showing how much old USD would be worth in new USD, it also shows you how much purchasing power the USD has lost over time.
Below is a comparison between 100 USD-1933 in USD-2022
https://www.in2013dollars.com/us/inflation/1933?amount=100
100 USD-1933 is worth 2,223.92 USD-2022
but another way to look at it is that 100 USD-1933 has lost so much purchasing power that $100 USD-2022 is worth 4.67 USD-1933.
And to be clear, that loss of value was done on purpose by the government who has not has been intentionally printing more and more money perpetually since basically that year.