• nitroemdash
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    4 months ago

    Accounting for inflation, that’s $7 in today’s money

    • Johanno@feddit.org
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      3 months ago

      Ehrm how?

      Inflation would make the money worth less. So for it to be the same worth you need more money.

      Maybe 7$ at this time is now 50$?

      Or did I miss a joke?

      • nitroemdash
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        3 months ago

        Inflation happens when new money are printed. As there’s more money, each individual cent can buy less real goods. What than could be bought for 50¢, now costs $7.