I was just reading how \$1 from sometime in the mid-1800s is worth a little over $30 today.
This got me wondering, where does this go in the long term? In the year 2400, will a loaf of bread be $200? Will an average house be tens of millions? What about the year 2700?
My understanding is that inflation is a universal economic phenomenon. Has a currency ever lasted long enough to know where it leads in the very long term? If not, are there theories predicting what might happen?