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Do you expect that ~$64T to go as far in 140 years as today? Maybe it will go as far as $70B does today. Maybe it won’t even go that far.

Maursault 4y ago
Inflation would get pretty ridiculous if the poorest individuals, a group of newborns, were all worth $5M each. But interest rates will increase right along with the increase in inflation. But as I wasn't arguing about inflation, it is beyond my argument. Regardless, everyone will be wealthier; it's not as though more money will make them poorer, if that is what you are suggesting.
- CogitoCogito 4y ago
  Inflation is pretty key to your argument. If inflation matches the return, you haven't gotten anywhere and everyone would _not_ be wealthier. So putting it beyond your argument doesn't really make any sense. > it's not as though more money will make them poorer If I have 1000 dollars today and then have 2000 dollars in 10 years, but the dollar itself has dropped down to below 50% it's initial value, how exactly am I not poorer?
  - Maursault 4y ago
    > Inflation is pretty key to your argument. On the contrary, compounding interest is key to my argument. Inflation is entirely absent in my argument. You introduced inflation to construct your straw man. Promoting fallacy does not make for valid argument. > If I have 1000 dollars today and then have 2000 dollars in 10 years, but the dollar itself has dropped down to below 50% it's initial value, how exactly am I not poorer? I have already addressed this straw man in my previous comment: historically, interest rates always increase to counter inflation. My argument did not mention inflation, but I also kept the interest rate at a flat 5%. If you want to introduce inflation, then I will increase interest rates to counter it, resulting in nullifying your inflation and your straw man argument, twice.
    - CogitoCogito 4y ago
      You don’t seem to understand basic math or finance. It’s true that interest is compounding. Any educated person knows that. And any educated person also knows that inflation is compounding as well. Ignoring inflation is total idiocy. Otherwise you might as well just push the government to add a zero to every denomination. Then there are more dollars in circulation and you don’t need to wait a century. > If you want to introduce inflation, then I will increase interest rates to counter it Your “argument” is basically “I will make up numbers and conditions to match the desired imaginary future I want to see.” You truly are a deep thinker.
      - Maursault 4y ago
        You introduced inflation as a straw man only so that you could attack it. Now you have doubled down twice on your fallacious reasoning, as well as adding to it a few ad hominem attacks. Your reasoning is now dually fallacious, and your dually fallacious argument remains unconvincing.

Maursault 4y ago

Inflation would get pretty ridiculous if the poorest individuals, a group of newborns, were all worth $5M each. But interest rates will increase right along with the increase in inflation. But as I wasn't arguing about inflation, it is beyond my argument. Regardless, everyone will be wealthier; it's not as though more money will make them poorer, if that is what you are suggesting.

CogitoCogito 4y ago
Inflation is pretty key to your argument. If inflation matches the return, you haven't gotten anywhere and everyone would _not_ be wealthier. So putting it beyond your argument doesn't really make any sense. > it's not as though more money will make them poorer If I have 1000 dollars today and then have 2000 dollars in 10 years, but the dollar itself has dropped down to below 50% it's initial value, how exactly am I not poorer?
- Maursault 4y ago
  > Inflation is pretty key to your argument. On the contrary, compounding interest is key to my argument. Inflation is entirely absent in my argument. You introduced inflation to construct your straw man. Promoting fallacy does not make for valid argument. > If I have 1000 dollars today and then have 2000 dollars in 10 years, but the dollar itself has dropped down to below 50% it's initial value, how exactly am I not poorer? I have already addressed this straw man in my previous comment: historically, interest rates always increase to counter inflation. My argument did not mention inflation, but I also kept the interest rate at a flat 5%. If you want to introduce inflation, then I will increase interest rates to counter it, resulting in nullifying your inflation and your straw man argument, twice.
  - CogitoCogito 4y ago
    You don’t seem to understand basic math or finance. It’s true that interest is compounding. Any educated person knows that. And any educated person also knows that inflation is compounding as well. Ignoring inflation is total idiocy. Otherwise you might as well just push the government to add a zero to every denomination. Then there are more dollars in circulation and you don’t need to wait a century. > If you want to introduce inflation, then I will increase interest rates to counter it Your “argument” is basically “I will make up numbers and conditions to match the desired imaginary future I want to see.” You truly are a deep thinker.
    - Maursault 4y ago
      You introduced inflation as a straw man only so that you could attack it. Now you have doubled down twice on your fallacious reasoning, as well as adding to it a few ad hominem attacks. Your reasoning is now dually fallacious, and your dually fallacious argument remains unconvincing.