BenderRules

Crustacean

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« : 02-02-2002 05:44 »
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I'm a bit confused by the inflation..or lack of it in the year 3000! The suicide booth and car wash were 25 cents!!! I mean I doubt those things would even be that cheap now never mind then!!! And other things are reasonably priced...18 dollars etc. But in 'A fishful of dollars' Fry's 93 cents or whatever turns into 4 billion dollars! Which in itself seems a bit odd LOl Not done my maths but I can't imagine 2.5 % interest a year would turn into that!!! But *if* it did..then surely with inflation the everyday values would be much more like that rather than still using 25cents!!!
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Chump

Urban Legend
  
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« #10 : 02-03-2002 19:09 »
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This has already been done before in another thread that I won't bother to find, so I'll give you the "solution" that was decided on: Eventually, the price continued to rise until everything cost so much you'd buy a loaf of bread with a wheelbarrow full of cash. People (being much smarter then our current leaders) decided that it was getting out of hand and brought the price (and the average salary) back down to reasonable amounts. (Our prices are what they settled on, conveniently). The other theory is that inflation will rise and then fall, ultimately returning prices to the extremely low amount of around the 1800's. It will then hit bottom and rebound again until it tops off. It it were graphed against time, it would be something like a: /\/\/\/\/\/\/\/\/\/\/\/ pattern. Thoughts? 
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futurefreak

salutatory committee member
Moderator
DOOP Secretary

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« #17 : 04-02-2011 09:27 »
« : 04-02-2011 09:31 »
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The other theory is that inflation will rise and then fall, ultimately returning prices to the extremely low amount of around the 1800's. I know that's not your theory (Chump doesn't post here anymore anyway  ), but respectfully I highly disagree. Things will never cost what they did even fifty years ago. Prices will keep going up, and what little deflation there is, inflation will be ten times that at least. Theory 1 seems a bit more closer to home, although I offer this solution: I think that prices got so high that money was revalued. Hence what used to be a "cent" or penny is now say, twenty dollars back from our time (the present). So essentially a robot wash for Bender that costs 25 cents might actually cost $500 in today's world (I'm using that as an extreme). It's all relative, anyhow, and yes it certainly sounds better saying a rented 1 bedroom apartment costs $1000/month in the future than than saying it costs $2,000,000/month.
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Xanfor

DOOP Secretary

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« #22 : 04-02-2011 13:37 »
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Theory 1 seems a bit more closer to home, although I offer this solution: I think that prices got so high that money was revalued. Hence what used to be a "cent" or penny is now say, twenty dollars back from our time (the present). So essentially a robot wash for Bender that costs 25 cents might actually cost $500 in today's world (I'm using that as an extreme). It's all relative, anyhow, and yes it certainly sounds better saying a rented 1 bedroom apartment costs $1000/month in the future than than saying it costs $2,000,000/month. This really isn't all that historically uncommon. Little tip: most of the time when this happens, only digital and paper currency are revalued, and coins are generally left as is due to the hassle it would be to collect them. So if everything is revalued, say, for example, $100 equals $1 after the change, then that dollar coin in your pocket? It now buys as much as a portrait of Benjamin Franklin did previously.
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