Wonder why the left today is bashing billionaires rather than millionaires? The dollar isn't worth as much as 30 years ago when it was a miracle to earn a million dollars.
This actually happened in the last century.
https://www.britannica.com/event/hyperinflation-in-the-Weimar-Republic
The rising cost of goods combined with a dramatic increase in the money supply created perfect conditions for inflation. Before World War I, the exchange rate was just over four marks to the U.S. dollar. By 1920 the value of the mark was 16 times less. It stabilized at 69 marks to the dollar for some months. The Weimar government was still in a position to get a grip on the economy; instead, it chose to print yet more money in order to pay the reparation debt. By July 1922 prices had risen by some 700 percent, and hyperinflation, with too much money chasing goods that were far too scarce, had arrived.
The government had to print million-mark notes, then billion-mark notes. By November 1923 one U.S. dollar was equivalent to 1,000 billion (a trillion) marks. Famously, it was observed at the time, a wheelbarrow full of money could not buy a newspaper, while one German student recalled ordering a cup of coffee for 5,000 marks and then a second whose cost had risen to 7,000 marks in the brief time it took him to finish the first.
Will this happen to the United States? Only if we keep electing Democrats. They're the ones injecting trillions of newly printed dollars into an unresponsive economy, just to buy votes from stupid Americans and illegal aliens.
Pedophile Joe's stimulus checks created the worst inflation of all time in America.
