chatgpt:
"the average annual inflation of the basket (eggs, milk, bread) over the last 5 years is approximately 10.6%"
i understand that i randomly selected goods, and this doesn't represent the totality of the prices, but still, it appears like a 11% a year is a minimum interest rate for loans (if people only eat 3 things) 😅
now imagine when dollar will hyperinflate? what rates will market charge for bitcoin backed loans then?
