4 ms·
wealth measured in fiat money, which is worthless in long term
by skirge 3y ago
wealth measured in fiat money, which is worthless in long term
- passion__desire 3y agoyou are right and wrong. in the long term, a stone at the bottom of sea was considered wealth. the only thing that changed was to whose name the stone was attached in the village records.
- hk__2 3y ago> wealth measured in fiat money, which is worthless in long term It’s measured in fiat money *at a given point in history.
- npoc 3y agoWell it's often measured at two given points in history and compared without taking into account the devaluation of the thing used to measure value (supply inflation is approx 100% per decade)
- quickthrowman 3y agoI’m assuming that the wealthiest families on earth mostly hold assets instead of cash, so what’s your point exactly? Are assets that generate cashflows worth something?