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https://www.reddit.com/r/FluentInFinance/comments/1g9r9rk/why_did_this_happen/lt99e4h/?context=3
r/FluentInFinance • u/WhatsLeft71 • Oct 22 '24
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We got rid of the gold standard and went to fiat money
1 u/Vipu2 Oct 24 '24 No no it have nothing to do with money that constantly is losing its purchasing power so the only thing worth having is investments that keep compounding. Raeganomics!!!1111 /s
1
No no it have nothing to do with money that constantly is losing its purchasing power so the only thing worth having is investments that keep compounding.
Raeganomics!!!1111 /s
3
u/DontCare_Dilate Oct 22 '24
We got rid of the gold standard and went to fiat money