Oddbean new post about | logout
 Inflation compounds. This is very important to understand this.

Compounded inflation since a hundred years at roughly 7% a years. 

Yep, no wonders why the dollar buys 95% less than it used to in 1920.

This is why we #Bitcoin https://image.nostr.build/10f3f73ef6f9687f52f3a3115cef1b12b722fd1ef264d5a1d18d561daee4508c.jpg