MintyFresh@lemmy.world to News@lemmy.world · 16 hours agoUS ends penny-making run after more than 230 yearswww.bbc.comexternal-linkmessage-square63fedilinkarrow-up1176arrow-down11
arrow-up1175arrow-down1external-linkUS ends penny-making run after more than 230 yearswww.bbc.comMintyFresh@lemmy.world to News@lemmy.world · 16 hours agomessage-square63fedilink
minus-squarePunnyName@lemmy.worldlinkfedilinkarrow-up2·2 hours agoYou have to go back in time to get more value from the same unit of money. Therefore, the current currency is worth less. It’s called inflation.
You have to go back in time to get more value from the same unit of money. Therefore, the current currency is worth less. It’s called inflation.