Gold in 1980 - $614
Gasoline in 1980 - $1.19/gal
Avg House in 1980 - $76k (@20% interest)
Gold in 2020 - $1773
Gasoline in 2020 - $2.60/gal
Avg House in 2020 - $285k (@3%)
So it looks like 1$^1980 ~= 3$^2020. That's not Zimbabwe by any means, but it does mean a dollar has lost 2/3 of it's purchasing power just in my lifetime.
I doubt it. People said the same thing in 08/09 and it didn't happen. And it's not like we're the only ones with massive budget deficits.
Just look at the US. Do you think that they will also have a massive inflation problem?
Gold in 1980 - $614
Gasoline in 1980 - $1.19/gal
Avg House in 1980 - $76k (@20% interest)
Gold in 2020 - $1773
Gasoline in 2020 - $2.60/gal
Avg House in 2020 - $285k (@3%)
So it looks like 1$^1980 ~= 3$^2020. That's not Zimbabwe by any means, but it does mean a dollar has lost 2/3 of it's purchasing power just in my lifetime.