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/biz/ - Business & Finance

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15262691 No.15262691 [Reply] [Original]

Something that cost 100$ 10 years ago doesn't cost 110$ now

It costs 100*1.02(^10) (or however it's written out) == 121.90

Then each year 2-3% gets added and added... how is this (((ALLOWED))) ?

>> No.15262729

>OP discovers compound interest. 2019, colorized, United States of America.

>> No.15262757

>>15262691
Bring it up with the fed

>> No.15262777
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15262777

Isthat true or sre you lying or bad at math? Thats kind of scary if true.

>> No.15262789

It’s true. Inflation is death.

>> No.15262797

This is why you either invest your money in stock/crypto or put it into savings via pm. Dont let it sit as fiat.

>> No.15262799
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15262799

>>15262777
TRIPS OF TRUTH
IT'S TRUE.
IT'S ALL OVER.

>> No.15262848

Well, over here in Europe, wage increases are negotiated in percent as well. So, I am not sure, but I think we are ahead off the USA I that, as it would cancel out percentage inflation.

Exponential wage increases FTW.

>> No.15262857

>>15262691
Because of inflation rich people have to take risks with their money or it all disappears.
An investment returning 7% a year doubles every 10 years.

>> No.15262860

Don't forget mosr people don't think about VAT, after you pay almost 50% in top brackets (europoor), you pay another hidden 20%.

>> No.15262863

But profits also are exponential? Also do you understand inflation actually helps money circulating in the system? Not enough liquidity and you get a problem.
>tfw going on biz once a year to make fun of cryptofags and this shit keeps showing up
read literally 2 websites about central banks

>> No.15262871

>>15262691
Jews

>> No.15262873

The Inflation Jew

>> No.15262875

>>15262863
Fake Jew propoganda

>> No.15262882

>>15262691
I recognized this as soon as I understood compound interest. I think I was 12

>> No.15262938
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15262938

>>15262875
If you reinvest profits why wouldn't they grow geometrically as well? Do you even understand secondary school mathematics?