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Tuesday 10 September 2024

Nominal vs Adjusted for Inflation .......from Rico

Nominal. The numbers printed on paper money, say $100 for example.

- For another example there is the $100 Trillion Dollar Zimbabwe note I have hanging on the wall here. It's very pretty and nicely engraved, but it cost more to make it than it was worth when issued. [read: zero, zip, nada, bupkis]

 A US $100 bill from 1913 is 'worth' $3,177 today; looked at another way one dollar today only buys 3.17% of what it could buy back in 1913.



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