3 ms·
understood, but the issue with assuming logarithmic expansion is "normal / desirable" is that it hides the fact that exponential inflation is the same as negati
by maerF0x0 6y ago
understood, but the issue with assuming logarithmic expansion is "normal / desirable" is that it hides the fact that exponential inflation is the same as negative compounding returns on cash. With compounding inflation eventually it will take all of the money currently(today) in circulation just to buy a single loaf of bread.