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.
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.