4 ms·
That's a good point, and also speaks to the futility of trying to define wealth in dollar terms, even when adjusting for inflation. An inflation-adjusted dollar
by bmmayer1 7y ago
That's a good point, and also speaks to the futility of trying to define wealth in dollar terms, even when adjusting for inflation. An inflation-adjusted dollar in 2019 buys more than an inflation-adjusted dollar in 2000, even (iPhones alone!)
- paulddraper 7y ago> An inflation-adjusted dollar in 2019 buys more than an inflation-adjusted dollar in 2000, even Depends. Does it buy more concrete? Does it buy more rocket ships? Does it buy more childcare? Does it buy more iPhones? Just depends on what you're talking about.