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> What you are saying only holds up until about 40 years ago. The 2500 years before that contradicts what you are saying. A tautology. > It does not. More ide
by gnaritas 11y ago
> What you are saying only holds up until about 40 years ago. The 2500 years before that contradicts what you are saying.
A tautology.
> It does not. More ideal money drives out less ideal money.
See https://en.wikipedia.org/wiki/Gresham%27s_law https://en.wikipedia.org/wiki/Gresham%27s_law
> You don't have to look far to see that what you are saying is ridiculous. Argentina, Venezuela, Zimbabwe
You're confusing inflation with hyper inflation, a common mistake.
> At the same time, if you took a long view and were going to put away $100,000 in US dollars or $100,000 in gold and you would come back in 100 years to get it, which would you do?
As I already told you the purpose of money is not to save it, I would not store 100k liquid as cash; cash does not exist to save, it exists to trade. Save assets, not money. Money is a tool, inflation only bothers those who don't understand how the tool works and try and use it inappropriately.