> Well, it is real $200 Okay, but then what supports the nominal $300 or whatever value it is after inflation has also been accounted for? We haven't even figu

> Well, it is real $200 Okay, but then what supports the nominal $300 or whatever value it is after inflation has also been accounted for? We haven't even figured out how a nominal $200 is supported and now you're talking even larger nominal numbers, given the assumption of inflation. > The only real "real" is the standard of living Maybe as an individual, but that has little relevance to a macro discussion.