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this post was submitted on 27 Dec 2023
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Economics
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Not an economist, but a lousy CS grad, so my rambling may be incorrect. But honestly, I have no words for your genius. More specifically, the lack of it.
Inflation has caused the cumulative price increase of 488.65% in the US from 1975 to 2023-almost-2024. $200,000 in 1975 is around $1,177,295.17 in today's time.
$20 million is just an exaggeration for the light-hearted joke @snekerpimp@lemmy.world made, it's not that deep.
Source: Inflation calculator
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