Foundations
Inflation: the quiet subtraction
Prices drift up. If a slice of pizza costs $3 today and prices rise 3% a year, that slice costs about $6 in twenty-four years. Your money didn't shrink; what it buys did.
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Prices drift up. If a slice of pizza costs $3 today and prices rise 3% a year, that slice costs about $6 in twenty-four years. Your money didn't shrink; what it buys did.