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Yes, and this is exactly what Jeff Booth explains in this podcast way better that I ever could: How Inflation Is Stealing Your Wealth | Jeff Booth | Pomp Podca

• fnord123 5y ago
  This is presented in a conspiratorial manner. "Who wants their money to be worth less?" "Governments don't want you to know..." It's very simple. 100 euros in your hand right now is worth more than a possible/probable 100 euros in your hand next week. And Jeff Booth is arguing that we are trapped in a mental prison because we agree with this obvious fact.
  • saurik 5y ago
    Inflation is a different problem: a bird in the hand is worth two in the bush, but if you have a bird in your hand you are better off trading it for a table because somehow a table in the hand depreciates less than a bird?
    • fnord123 5y ago
      I mean, yes? Are we explaining investing from first principles?
      • lowkey 5y ago
        I think the argument is that we are discussing the difference between the: A) time value of money B) inflationary aspects of fiat currency vs hard currency