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14/ I did! yep, inflation sucked.https://twitter.com/Fourmilab/status/1215776591281827841 …
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15/ kids these days don't get "at 19% ?!!?" https://www.youtube.com/watch?v=N5C8C1WAywU …
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16/ If your grandparents "invested" that money by piling up pieces of paper in a stack, then they deserve that. Invest in ANYTHING. Stocks. Bonds. Real estate. Comic books. Classic cars. ANYTHING. Cash is a medium of exchange, not a store of value.https://twitter.com/AlexRDell/status/1215785932042801154?s=19 …
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17/ Also, dude, you're counting the inflation twice. EITHER say that it's worth X now OR say that prices have gone up. But not both, because it's the exact same thing.https://twitter.com/AlexRDell/status/1215785932042801154?s=19 …
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18/ No, this is very very wrong. Currency is MB or M0. Around $4T. US economy is $22T (GDP, I.e. earnings) or $40T (market cap, I.e. stocks) or maybe $100T (real estate, public market cap, private firms) or maybe morehttps://twitter.com/ctdonath/status/1215822173937553408?s=19 …
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The value of money is difficult to understand because it's not money that has value, it's the flow of money (or rather ability to flow) that gives it value.
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I'd need to work out the math, but I think you'd need at least some inflation or else you'd end up with wealth accumulating in physical paper bills, which would break the system.
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