Post #2081090
2026-05-06 02:01 UTC
I really hate when people act like things should be valued in ounces of gold when the supply versus the population makes this a meaningless comparison
"in 1920 you could buy ~170 loaves of bread for a ounce of gold. Today, you can buy 500-600 loaves of bread for that same ounce! Bread is now 2 to 3 factors cheaper!" would make about as much sense
fiat money inflates - that tells you nothing more than that you shouldn't hold stacks of paper cash without getting interest
Replies (0)
No replies.