MintyFresh@lemmy.world to News@lemmy.world · 2 months agoUS ends penny-making run after more than 230 yearswww.bbc.comexternal-linkmessage-square108fedilinkarrow-up1242arrow-down11
arrow-up1241arrow-down1external-linkUS ends penny-making run after more than 230 yearswww.bbc.comMintyFresh@lemmy.world to News@lemmy.world · 2 months agomessage-square108fedilink
minus-squarePunnyName@lemmy.worldlinkfedilinkarrow-up2·2 months 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.