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Both. Prices keep going up and the dollar buying power keeps going down but they keep on printing it and giving it away.To all the economists in here: Did we get the prices sky rocking as it is today because of inflation or because of the dollar devaluation?
Cmon man, everything is Orange Man's fault. Don't you watch the news?To all the economists in here: Did we get the prices sky rocking as it is today because of inflation or because of the dollar devaluation?
$1.45 (min wage in 1970) is equal to about $11 today. You cannot buy a decent lunch today for $11 but it looks like you could use 3/4 hour's wages in 1970 to buy a decent lunch.To all the economists in here: Did we get the prices sky rocking as it is today because of inflation or because of the dollar devaluation?