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> now do purchasing power of the dollar … if the dollar is literally stuffed in a mattress or buried in jars in your backyard. Which is not the point of a curr
by throw0101c 1y ago
> now do purchasing power of the dollar
… if the dollar is literally stuffed in a mattress or buried in jars in your backyard. Which is not the point of a currency.
Having it drop in value—at a modest, predictable rate—is arguably a good thing:
> No currency should be able to buy the same basket of goods over very long timespans through hoarding. If you want to retain the purchasing power of your money, it should participate in society via investment.
* https://twitter.com/dollarsanddata/status/1592651809750798336 https://twitter.com/dollarsanddata/status/159265180975079833...