4 ms·
Just as you expect your asset to be worth more at some point in the future, you can expect your cash to worth less at some point in the future. These follow fro
by tmn 5y ago
Just as you expect your asset to be worth more at some point in the future, you can expect your cash to worth less at some point in the future. These follow from each other. To say the cash is always worth less is not coherent with your stated asset model.