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> even without inflation tomorrow dollars are worth less than today dollars. Interesting and a little counterintuitive but I guess it has to do with the time v
by jamiek88 5y ago
> even without inflation tomorrow dollars are worth less than today dollars.
Interesting and a little counterintuitive but I guess it has to do with the time value of the dollar. As in you own the dollar longer thus it has more value?
- ghaff 5y agoEssentially I’ll never lend you money if i won’t earn anything from it.
- riskneutral 5y ago> As in you own the dollar longer thus it has more value? No. As in, having $10 million cash in hand today has more value than having a guarantee that you will be paid $10 million 10 years from now. Think about it, would you rather have $10 million now, or in 10 years? Which is more valuable to you?
- bombcar 5y agoExactly this. I’ll gladly pay you Tuesday for a hamburger today.
- mactrey 5y agoTwo ways to think about why I'd rather have $1,000 today than $1,000 a year from now: - I could invest the money today and have more than $1,000 next year - I might die before next year and never get to enjoy the money