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I completely agree that predictability is an important aspect of money. We don't know that inflation will be 1-5% over the next 20 years with any certainty. Th
by sshamoon 13y ago
I completely agree that predictability is an important aspect of money. We don't know that inflation will be 1-5% over the next 20 years with any certainty.
This makes planning very difficult with money. I suppose my point was to hold a mirror to society and show how we value ourselves using money as the barometer.
- nabla9 13y agoThe main benefit of the fiat money is that it follows the economy and not the other way around. USD is what it is because US economy. 30-year bonds have yield 3.58% and it tells us much about how markets see the future of U.S economy and inflation.