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> Value of dollar now in comparison to 70s and 80s decreased. In comparison to what, exactly? Compared to another currency? Compared to itself? If another c
by quintushoratius 7y ago
> Value of dollar now in comparison to 70s and 80s decreased.
In comparison to what, exactly? Compared to another currency? Compared to itself?
If another currency, then great! We can sell them more stuff because our stuff is cheaper then their own stuff.
If compared to itself: so what? Inflation is a stated policy of the Federal Reserve. My dollars may be worth less, but I make more. This isn't a problem unless you issue loans and failed to charge enough interest.
- pojzon 7y agoTo itself. And it really depends whether you make more or less. I would argue you earn alot less because now it is significantly harder to support family of five with a single income, which was pretty normal in 70s, 80s (+you had a mortage for a big house on you, now vast majority of young couples starting families have like zero chance to buy such properties). I would love to find HN post about financial situation of young people now, which pretty much painted it all in black color but google fails me as I dont remember exact topic name.