• explodicle@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    1
    ·
    2 hours ago

    That explains why our economy is so shaken today!

    This level of inflation amounts to 1.2% per year compounded, a relatively low inflation rate for modern-day standards, but rather high given the monetary policy in place in the 16th century.