Posted by mastermind on 27th of Mar 2024 at 04:09 pm
I think that kind of data is a little deceptive. It just
reinforces the effect of long term compounding - in this case
compounding of inflation. Obviously a dollar is not what it used to
be, but then, people have a lot more of them than they used to,
right? And would you have wanted to be around in the 30's when the
purchasing power of the dollar was increasing? That's because most
people didn't have dollars to spend, so supply of goods outstripped
demand for them.
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I think that kind of
Almighty Buck (LOL)
Posted by mastermind on 27th of Mar 2024 at 04:09 pm
I think that kind of data is a little deceptive. It just reinforces the effect of long term compounding - in this case compounding of inflation. Obviously a dollar is not what it used to be, but then, people have a lot more of them than they used to, right? And would you have wanted to be around in the 30's when the purchasing power of the dollar was increasing? That's because most people didn't have dollars to spend, so supply of goods outstripped demand for them.