In 1950, my dad earned about $50-100 (not sure exchange rate at the time) per month and considered middle-class.
So translated; 40 cents was ~0.5% of a month's salary. Today a monthly salary is ~$3000, so 2 drinks are ~$15. Around here, that is about right, ~$9-15 each depending on place.
🇳🇱
If that were true he wouldnt be able to buy anything eith it. The fact that the value changes over long periods of time is not the same as saying its worthless..
of course there's more to the economy than buying drinks, and even if _all_ CPI metrics across the _entire_ remained absolutely identical inflation would still constitute a tax on savings, but neither of those would make the currency worthless
Its not "nearly worthless" either... In fact its worth is quite high, you can literally buy **anything** with it thatis for sale.
And? That has nothing to do with how much its worth today unless you relate it to wage and buying power today... What does someone from 1910 have to do with the value of paper bills today?
Keep in mind we do not sit on money we invest it, so anyone from 1910 **gained** value from that inflation didnt loose it.
Thats not "getting the value back"... that would be decaluing investment, we **Dont** want that.
I guess thats one way to not understand even basics without admitting it...
You really arent getting this... Right, thats a good thing, it means investments from the 1910 have FAR more dollar value attached to it than they would otherwise... We **want** that behavior from money as it encourages a healthy economy... please try to understand basic economic theory, you really are missing the point.
> please try to understand basic economic theory
Here we go again with mother fucking Freemo. It's amazing how condecending you can be. Fuck off dude. You think there is only one "basic economic theory"?
Might I recommend https://mises.org/
No there are **many** and you seem to be ignorant of literally all of them.
If you arent interested in debate be a grownup and... dont... debate.
I will give whatever feedback I feel like, you are welcome to debate or walk away. To engage in debate then cry foul as if you were forced sounds like a little toddler having a tantrum. Grow up.
LOL you think because you said at the begiing you didnt want to debate that means other people who are happy to discuss need to shut up... oh the ego. No if you were a mature adult you would have just not debated, and you wouldnt have cared if other people had opinions... **you** decided to get into a debate because you just couldnt live with someone having an opinion out there you disagree with.
The fact you think everyone needs to not have opinions or discussions when your fragile little ego doesnt want it says everything I need to know about you.
I was having fun and making jokes
I have real shit to do and the small amount of time I was going to be on here I'd rather have found a few good memes than being sucked into a masturbation ritual.
Even if I pull specific economic theories to discuss the "best" one seems primarily opinion based and my opinion isn't likely to change as I suspect is true of someone who believed modern monetary theory or some other retarded idea is the best.
I would rather I didn't have to mute threads I started because some fucking pseudointellectual feels like debating me when I said I didn't.
This reaction though is pretty specific to freemo though. His particular methods of debate make me want to hit him. It's a regular thing.
CPI metrics are interesting because in some respects we have more material wealth but in others (ex housing) the state of things looks really bad. on the whole it seems to me like things are probably slipping
I'm being a little dramatic saying that I was personally in a better place financially 20+ years ago. I personally did not have the same flexibility I have today, but I was able to pay 400 a month to rent a 3 floor 5br house (in the ghetto but still). In the 1980s my Dad was able to bring home 20-30k and still afford to buy a house (albeit one that needed significant repairs).
It's funny because on the other hand many people are walking around with over a thousand dollars of electronics on their person which is just insane when you actually stop and think about it.
After your little tantrum about not wanti g to discuss it here you are still discussing it and still tagging me... classic.
No doubt if i dare give my perspective youll go right back to your tantrum though.
And yet you follow me, reply and engage despite not liking it, and even after a tantrum about not wanting to discuss with me continue to tag me..
Attention seeking much?
I really dont care if you follow me or not, just dont complain about it if you do... I follow you because your tantrums are your problem not mine. I point them out because of the absurdity of you having tantrums over a person with an opinion that you actually follow.
As long as you not following me stops the tantrums and makes you happier, then yes I am glad you did it.
Wonderful, then do yourself a favor and block me. Or just kindly ask me to unfollow you or not comment, that works too.
I hope you see the idiocy though of saying you dont want to debate something and then think that is meant to imply other people a=cant express their opinions.. dont debate, others can comment as they wish. If you dont want to debate and then **you** decide to get into one anyway, thats on you. Your a big boy, you dont have to respond if you dont want to. Well I guess your not a big boy, but I thought you were.
Then sounds like you should either block me or stop making posts public if thats your problem. Will go a lot farther than your little tantrums.
I think real the problem with inflation is not that you have dish out more paper to acquire the same goods, but that you have near-zero control over it. When your currency gets devalued — it's not up to you to decide, of course most of the time the monetary means are used to stabilize the economy, but what if some mistakes get made in the process?
Investing sounds nice in theory and if you make reasonably more than you spend, you can even diversify: lose some here, gain some there — all in all it might even be beneficial to you. But most can only "invest" in their day-to-day needs. So what would happen when prices go up, but all of a sudden you wage doesn't go up accordingly? Your central banker will just shrug and say: "Well, life is hard, man up!"— now that is the problem.
In hylerinflation wages are delayed behind cost of goods and this causes serious issues.
Inflatio is only good when its low enough that it has a slow long term effect. We want inflation but not too much or too little
at the same time neither does it decrease the "worth" of what you get paid _today_ since you get paid in today's dollars and then (presumably) spend it in short order
the only scenario in which you lose out is if you sit on a pile of cash for an extended period. in other words it's just a shitty long term investment
this is gibberish
more money is not a default good thing, no persons opinion can prove this
@freemo @thatguyoverthere @niclas
Stop tagging me, i dont care
> A dollar today only buys 5.634% of what it could buy back then.