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Dollars aren't a stable store of value either. It's baked in that the fed aims for low but positive inflation. Meanwhile, the S&P 500 is up nearly 500% since 2
by jredwards 4y ago
Dollars aren't a stable store of value either. It's baked in that the fed aims for low but positive inflation.
Meanwhile, the S&P 500 is up nearly 500% since 2009.
- EVa5I7bHFq9mnYK 4y agoThat's shameless cherrypicking) We can also say that S&P only returned 51% since the start of this century, adjusted for inflation.
- jredwards 4y agoWasn't trying to cherrypick, I used his date. My point is just that currency is a an effective medium of exchange, not an effective store of value.