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Surely you're not saying that anyone who has the same riches today as compared to 3 years ago is, in fact, half as rich?
by estomagordo 4y ago
Surely you're not saying that anyone who has the same riches today as compared to 3 years ago is, in fact, half as rich?
- hartator 4y agoIf you consider money should be rare right now not plentiful, I think it’s an accurate way to look at economics.
- conductr 4y agoIt does however take time for all the prices to go to 2x what they were. If we end up having 7 years of 10% inflation we will be there. Had this hypothetical person still just held onto their cash, they’ll be half as rich as they were in terms that matter (purchasing power). I for one would not be surprised at all if that’s what we’re in for.