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.
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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.
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.
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.
Right, we all saw your little tantrum about how you were sooooo upset someone had an opinion and expressed it despite you not wanting to debate.
Oh, and the irony of you thinking I expect you to modify your behavior for me when you were literally upset someone discussed a thing you didnt want to discuss on the internet.
I never said that you flip out on everyone who disagrees with you. Just the ones that point out you dont even have the level of understanding of a high school student yet you insist you have a clue.
No no, I get it you have a fragile little ego and when people call you out on acting like you know a subject you clearly dont that ego comes crashing down.
I've never once seen you actually bother to learn a thing from anyone, you just double down and pretend you know what your saying then get upset when someone points out you dont.
I mean for fucks sake last time you lost your shit when I told you I spent 5 years raising ducks because you thought you were some expert on ducks... its pretty fucking hilarious dude.
> Part of the problem is that you like to pretend you are an expert in just about every field but struggle to spell so I have to think you are mostly full of shit.
And yet I am a published scientists where a few moments searching for my name will lnet you 20+ published white papers that are peer reviewed. Not to mention my appearances on TV and in the news over the years.
> When someone posted a link to a talk by Milton Friedman you wanted no part of an actual fact based discussion. Funny that.
Dont recall any such link or discussion, feel free to link it.
> I've learned quite a bit in other discussions around here. You just think I should accept you as a person of superior intellect and therefore correct by default.
I couldnt care less if you learn from me or view me as an expert in the least. I do care that your an idiot, I called you out for being an idiot, and now your crying foul and trying to paint the narrative im the idiot... Thats some impressive projection you got going there.
I don't really care about your credentials, especially when it's likely that your white papers have nothing to do with the topics at hand. Even if somehow you aren't a complete moron and just choose to play on on the fediverse that doesn't make your opinions anything more than hot garbage.
It was probably someone I had blocked then, as Im not going hunting for it either. Either way I dont recall seeing a link.
Maybe. but since you didnt link it I can only speculate. Either way dont know what link you even mean.
In both of these cases (this and the issue with animal morals) you have confused your opinion or beliefs for facts, and then condesended me for holding a different set of opinions or beliefs and been confounded by my reaction. You have no idea what I actually know about any subject because so far we've argued over stupid fucking opinions and you can't tell the difference. When someone posted a link to a talk by Milton Friedman you wanted no part of an actual fact based discussion. Funny that.
I've learned quite a bit in other discussions around here. You just think I should accept you as a person of superior intellect and therefore correct by default. I think you are a dolt. Continuing to tell me about how your opinions are facts doesn't change my mind.