2 drinks for 40 cents?

@thatguyoverthere

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.

@niclas hmm... So your saying that modern money is worthless

@thatguyoverthere

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..

@niclas

@freemo @niclas nearly worthless then. The value hasn't just changed. It has been syphoned off.

@thatguyoverthere @niclas @freemo if the item is the same percentage of income then by definition the "worth" hasn't changed in that particular context, no?

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

@roboneko @niclas @freemo it was a shitpost.

Yes in this example it would seem the worth hasn't much changed, but we all know it has in reality.

Also our currency is nearly worthless. Leaving off the nearly part was just to make a joke.

@thatguyoverthere

Its not "nearly worthless" either... In fact its worth is quite high, you can literally buy **anything** with it thatis for sale.

@niclas @roboneko

@freemo @thatguyoverthere @niclas I want to know what he's been trying to buy that he would consider it worthless ...

@roboneko @niclas @freemo > The dollar had an average inflation rate of 2.80% per year between 1919 and today, producing a cumulative price increase of 1,674.86%.

anything. Look at rents and property values.

@thatguyoverthere

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.

@niclas @roboneko

@freemo @niclas @roboneko
> A dollar today only buys 5.634% of what it could buy back then.

@thatguyoverthere

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.

@niclas @roboneko

@freemo @niclas @roboneko

> 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/

@thatguyoverthere

No there are **many** and you seem to be ignorant of literally all of them.

@niclas @roboneko

@freemo @niclas @roboneko yeah well you're just a piece of shit. I told you I wasn't interested in debate. You fucking replied to a shitpost and now I've allowed you to annoy me more than I should have. Go fuck yourself. You are a person I would probably fight in real life.

@thatguyoverthere

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.

@niclas @roboneko

@freemo @niclas @roboneko I literally said at the very beginning I was shitposting and not interested in debate. They you kept going. I'm done. Have fun, but be sure to go fuck yourself afterwards

@thatguyoverthere @niclas @freemo
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@roboneko @niclas @freemo this is actually a good point. Economic theory is nothing but peoples opinions. I don't know if a best formula even exists. I do think that my money in early 2ks had more purchasing power than my money today. I make significantly more than I did then and have less flexibility in many ways.

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.

@thatguyoverthere @niclas @freemo it's less "your money" and more "your wage relative to other people" since any exact dollar amount is only relevant when considered relative to the economic conditions of a particular point in time

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

@roboneko @niclas @freemo my wage relative to other people is actually on average higher by a fair margin. I still feel pinched by the increase in cost of goods across the board over at least the past few years. I can't imagine making half of what I do and being able to live as comfortably as I do now (and I'm not even that comfy)

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.

@thatguyoverthere

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.

@niclas @roboneko

@freemo @niclas @roboneko dude fuck off. I replied to someone else and don't go through and pull people out. I never said I don't want any discussion. I don't like the way you (SPECIFICALLY YOU) try to debate. You are a condesending prick who thinks he's a fucking expert on everything. It's annoying and it's not what I come here for. Roboneko didn't come off that way and I do try to reply when people are talking to me. I had some other shit to do (which I said I had to do you fucking idiot) and now that I had a moment I replied.

@thatguyoverthere

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?

@niclas @roboneko

@freemo @niclas @roboneko there unfollowed is that better?

Honestly I followed you because on occasion you say interesting shit. I also sometimes fart while I'm in bed and feel compelled to take a whiff.

@thatguyoverthere

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.

@niclas @roboneko

@freemo @niclas @roboneko lmao whether I follow you or not you replied on my post dimwit.