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2 wk. ago
I think you've maybe confused being almost 60 with being an idiot.
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Thanks everyone for the replies. I understand more about the mechanics now. Made me hate capitalism a bit more than I already do, but I guess someone was right when they said a little knowledge is a dangerous thing.
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The joys of the internet. My "respect" comment was genuine.
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I appreciate the reply, but with respect it just explains what happens, not why 25c doesn't have the same value now as it did 60 years ago, or 100 years ago.
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Honest
Nearly 60 and I still don't "get" inflation. Can anyone explain? Thank you.