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> purchasing power falls all across the world. Is this true? I am unable to find right google keywords to verify this.
by dominotw 9y ago
> purchasing power falls all across the world.
Is this true? I am unable to find right google keywords to verify this.
- grp 9y agoTry "purchasing power of $your_currency" and you will find stuff like that: http://www.visualcapitalist.com/buying-power-us-dollar-century/ http://www.visualcapitalist.com/buying-power-us-dollar-centu...
- FRex 9y agoThis is inflation, (arguably) a positive force in the economy, it's not universal (see Swiss currency for a nice example) and it's also part of their own scheme (using the same justification as real life inflation) so why would they point it out as a problem and then copy it?
- FRex 9y agoI first thought it's some anti-inflation speak but it can't be since they want inflation in their system too and not all currencies inflate all the time (i.e. Swiss franc, but then again they might not care about Switzerland). Similarly they mention UBI and climate change being absolutely stonewalled which is totally not true in many European countries (EU has strong environmental agenda overall and Finland is experimenting with UBI on its own this year). This leads me to believe that their definition of 'world' is some subset of the first world or even just USA itself.