[eouw0o83hf]

A billion dollars fixes less every year due to inflation. Wouldn't we expect this to be the case most years?

[KeplerBoy]

Not most years, but frequently.

An extraordinarily big catastrophe would probably hold the record for a few years until the next above average events happen.

Our problem seems to be that the underlying distribution shifts fast. What once was a catastrophic freak event, is now barely average.

[jeffbee]

It's in real dollars.