5 ms·
> wealth measured in fiat money, which is worthless in long term It’s measured in fiat money *at a given point in history.
by 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)