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> But then thinking something is "worth more" because it costs more dollars a year from now is deceptive.. how much did its value increase vs the dollar decreas
by drdec 2y ago
> But then thinking something is "worth more" because it costs more dollars a year from now is deceptive.. how much did its value increase vs the dollar decrease?
You have missed the point.
Inflation encourages activity because your money is worth less a year from now. Better to get something for it, or invest it.
- chgs 2y agoLet’s say you have an economy of 100,000 units of work done in a year and thus is backed by a fixed supply of $100,000 You do enough work for 1/100th of the economy and receive $1000. You keep this in a box and do nothing for years. In years time the work done in the economy is 1 million units, but money hasn’t changed. Your $1000 can no purchase 1:100th of the economy you haven’t built, or 1,000 units of work You receive 900 units of work for free. That’s immoral.
- kortilla 2y ago> That’s immoral. You’re gonna need to back this up with some reasoning. That’s exactly how every asset works when demand outpaces supply.