If the inflation was 9%, the loss is $8,256 for $100,000. If it was $109,000 the loss caused by inflation is $9,000. It is a tiny nitpick. The core of the argument is completely right.
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If the inflation was 9%, the loss is $8,256 for $100,000. If it was $109,000 the loss caused by inflation is $9,000. It is a tiny nitpick. The core of the argument is completely right.
How do you figure?
9% inflation mean what cost $100 is now costing $109.
100*100/109 = 91.743 (lost 8.257 in value)
25% inflation would put the current cost at $125.
100*100/125 = 80 (loss of $20)
200% inflation => $300
100*100/300 = 33.33
Hm ok