Scary hypothetical question, is it possible for bread to cost 100 trillion dollars?
26-30, F
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ViciDraco · 41-45, M
If it were to happen during our lifetime I think society itself would collapse before that level of hyperinflation could set in.
On the other hand, if the United States or some other dollar using nation managed to survive long enough without overhauling the economic system or revamping their currency, then maybe! Bread was 12 cents in 1950. Over a long enough time scale even regular inflation could take it there. The power of compounding increases!
On the other hand, if the United States or some other dollar using nation managed to survive long enough without overhauling the economic system or revamping their currency, then maybe! Bread was 12 cents in 1950. Over a long enough time scale even regular inflation could take it there. The power of compounding increases!
Peaceandnamaste · 26-30, F
@ViciDraco Similar thing like that happened in Zimbabwe, the hyperinflation got so bad that they had to start over again. Bread became astronomical and there were homeless billionaires.