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If that's the case, everyone in postwar Germany or modern Zimbabwe should be the wealthiest people to ever exist and therefore have the highest quality of life.
by mystified5016 2y ago
If that's the case, everyone in postwar Germany or modern Zimbabwe should be the wealthiest people to ever exist and therefore have the highest quality of life.
There's a lot more to it than how many beans you have in the bank.
- gruez 2y ago>If that's the case, everyone in postwar Germany or modern Zimbabwe should be the wealthiest people to ever exist and therefore have the highest quality of life. If you're trying to imply that wealth = number in your bank account and 10x inflation makes you 10x wealthier, that's a massive misunderstanding of what "how much assets you have accumulated". Even though it wasn't explicitly stated, it's generally understood that the assets are valued in some meaningful way (eg. CPI or GDP deflator), rather than just looking at the raw numbers in your bank account.