3 ms·
>"Your narrative is as harmful as it is straight-up wrong." I don't know what narrative you are alluding to. All I was trying to do was provide a human relatab
by BitwiseFool 5y ago
>"Your narrative is as harmful as it is straight-up wrong."
I don't know what narrative you are alluding to. All I was trying to do was provide a human relatable example of how much inflation had happened over three generations. Sure, each individual dollar has less purchasing power but that's supposed to be balanced out by having more of those dollars. But if the reporting threshold doesn't also inflate then you've got an issue.
- arcticbull 5y agoThe narrative is suggesting it at all matters that the units of stored value have changed over time is a bad thing. It's roughly speaking a neutral thing. Like switching between Celsius and Fahrenheit. You just have to plan accordingly.
- BitwiseFool 5y agoThat wasn't my intention. My intent was to show that the units of stored value changing over time, in this case, is a bad thing when the reporting threshold doesn't rise for inflation as well.
- arcticbull 5y agoI apologize if I misread, by the way! I know tone doesn't always carry well over the internet.
- BitwiseFool 5y agoNo worries, and you're spot-on about storing value and not money.
- jjk166 5y agoWell if the government mandates that the thermostat must be set to 72 degrees no matter what, that switch from Fahrenheit to Celsius is going to be pretty uncomfortable. Yes in general we care more about what we can buy with our money than how many pieces of green paper it takes to represent that value, but there are many laws on the books where something bad happens if you have too many or too few pieces of green paper regardless of what they're worth.