3 ms·
In a world of fiat currency, the value of said paper money tends towards its natural value over time (zero). The way to deal with higher prices is higher wages,
by mikewarot 3y ago
In a world of fiat currency, the value of said paper money tends towards its natural value over time (zero). The way to deal with higher prices is higher wages, which is why being on a fixed income is such a harsh fate for those retired and not getting proper "cost of living" increases.