3 ms·

The only thing that has been accelerating into the future I think is the stock market. The price levels we are seeing today weren’t expected until at least a wh

by xwdv 5y ago

The only thing that has been accelerating into the future I think is the stock market. The price levels we are seeing today weren’t expected until at least a whole decade from now, and they are continuing to climb. Money is the only thing that can transcend time and space.

convolvatron 5y ago
doesn't that...worry you?
- crypto420 5y ago
  It most definitely does. If money is a medium for people to convert goods and services from one form to another, then in a technologically advancing world where things become cheaper in terms of SI units, we should expect the value of money (relative to other items) to become higher, or for goods and services to become so cheap that we don't even bother about their prices. In a technologically stagnating economy, we can expect the opposite: we can expect that if technology becomes worse off, then the value of money will get worse and the same physical item will become less valuable i.e will cost more in money. We see this happening with oil prices which are at the heart of energy intensive economies - gasoline is MORE expensive than in the 1970s even when adjusted for inflation. Same goes for other goods central to the economy, such as housing, healthcare and food. The more likely outcome is that to artificially stimulate the economy, central banks will keep printing more money and devalue goods in a never ending cycle. The only things that can really save us is technology that can make things cheaper. https://www.usinflationcalculator.com/gasoline-prices-adjusted-for-inflation/ https://www.usinflationcalculator.com/gasoline-prices-adjust... It seems that Peter Thiel's ideas of a technologically stagnating society are making more and more sense.
- xwdv 5y ago
  No, because I’m invested in the market, and wherever it goes, I go. But the people who are waiting it out? They are guaranteed to fall behind, they will be living in 2014 while I am in 2041. The market will only look scarier and scarier as the numbers go up and to the right.
  - disgruntledphd2 5y ago
    This time it's different ;)
systemBuilder 5y ago
It's all a total myth. On paper I am doing 2x better than my parents. We both have the same degrees in the same field. In reality my wife also works as an engineer. (my mom was a stay at home mom), our house is smaller, I work longer hours, and the house will be paid off later in life (after 60). The reason? Fake government inflation numbers. www.shadowstats.org .
- booleandilemma 5y ago
  That url www.shadowstats.org goes to a fake/spam/advertising website.
  - cco 5y ago
    They meant http://www.shadowstats.com/ http://www.shadowstats.com/.
- Ericson2314 5y ago
  Asset prices like are not included in regular inflation buckets for good reason. It's impossible for housing to be a good investment and affordable. One aspect of public housing that needs more attention is it makes the accounting dramatically simpler. Rents and taxes converge.

by xwdv 5y ago

convolvatron 5y ago

doesn't that...worry you?

crypto420 5y ago
It most definitely does. If money is a medium for people to convert goods and services from one form to another, then in a technologically advancing world where things become cheaper in terms of SI units, we should expect the value of money (relative to other items) to become higher, or for goods and services to become so cheap that we don't even bother about their prices. In a technologically stagnating economy, we can expect the opposite: we can expect that if technology becomes worse off, then the value of money will get worse and the same physical item will become less valuable i.e will cost more in money. We see this happening with oil prices which are at the heart of energy intensive economies - gasoline is MORE expensive than in the 1970s even when adjusted for inflation. Same goes for other goods central to the economy, such as housing, healthcare and food. The more likely outcome is that to artificially stimulate the economy, central banks will keep printing more money and devalue goods in a never ending cycle. The only things that can really save us is technology that can make things cheaper. https://www.usinflationcalculator.com/gasoline-prices-adjusted-for-inflation/ https://www.usinflationcalculator.com/gasoline-prices-adjust... It seems that Peter Thiel's ideas of a technologically stagnating society are making more and more sense.
xwdv 5y ago
No, because I’m invested in the market, and wherever it goes, I go. But the people who are waiting it out? They are guaranteed to fall behind, they will be living in 2014 while I am in 2041. The market will only look scarier and scarier as the numbers go up and to the right.
- disgruntledphd2 5y ago
  This time it's different ;)

systemBuilder 5y ago

It's all a total myth. On paper I am doing 2x better than my parents. We both have the same degrees in the same field. In reality my wife also works as an engineer. (my mom was a stay at home mom), our house is smaller, I work longer hours, and the house will be paid off later in life (after 60). The reason? Fake government inflation numbers. www.shadowstats.org .

booleandilemma 5y ago
That url www.shadowstats.org goes to a fake/spam/advertising website.
- cco 5y ago
  They meant http://www.shadowstats.com/ http://www.shadowstats.com/.
Ericson2314 5y ago
Asset prices like are not included in regular inflation buckets for good reason. It's impossible for housing to be a good investment and affordable. One aspect of public housing that needs more attention is it makes the accounting dramatically simpler. Rents and taxes converge.