4 ms·
Well of course inflation is a separate problem if you define figures in real terms...that's essentially a tautology, since real is defined as nominal minus infl
by ACow_Adonis 11y ago
Well of course inflation is a separate problem if you define figures in real terms...that's essentially a tautology, since real is defined as nominal minus inflation.
Back in the real world however, the relative price/value/production of things is not a separate problem...and since I'm guessing most people's objections to inequality is not its effects in some hypothetical world where all concepts are independent, but in the real world where they all connected, I'm not sure hypotheticals of this nature are often that useful...
- yummyfajitas 11y agoHypotheticals of this nature are useful for figuring out our terminal values. If the situation I described does not make the OP more sad, then inequality is not the ultimate problem. If you want to claim that inequality somehow causes poverty (and poverty is the real problem), make that case.