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How can you possibly back up the claim that the USD is stable? My grandparents were able to buy several acres of land and build a house for 80k in the 1970s. Do

How can you possibly back up the claim that the USD is stable? My grandparents were able to buy several acres of land and build a house for 80k in the 1970s. Doing the same today costs 500k+!!! It's completely outrageous. Ths USD is far from stable and anyone who thinks so is either insanely privileged or ignorant!

lxgr 6y ago
Predictable inflation is a form of stability.
- Erlich_Bachman 6y ago
  "I would choose a volatile 200% increase over a year than a stable predictable 10% decrease." Michael J. Saylor
  - lxgr 6y ago
    Is this for an investment or a currency? There's a reason there is both.
dkersten 6y ago
Because the cappuccino will continue to cost them $4 tomorrow, next week and next month. Sure, its value changes and a cappuccino may even cost a different amount sometime in the future, but its easy to know the value of the money you have because the exchange rate between dollars and items in the shop doesn't change so much. Contrast that with bitcoin, where the value often changes by many, many cappuccino's in a single day.
- Geee 6y ago
  You can choose to become poor slowly or to get rich slowly. The short-term volatility doesn't matter in the long run.
  - lmm 6y ago
    In the long run we're all dead. Short-term volatility matters a lot given gambler's ruin etc.
kpommerenke 6y ago
Moderate inflation is a feature, not a bug, due to sticky wages [1]. Without inflation you get longer lasting recessions and worse unemployment. [1]: https://en.wikipedia.org/wiki/Nominal_rigidity https://en.wikipedia.org/wiki/Nominal_rigidity