I would care about this if I had a bunch of 1913 dollars stashed away. I don't. I earn 2021 dollars, and spend most of them in 2021. Some I trade for investments that rise in value. Minimal inflation is a non issue and a hobgoblin of small minds.https://twitter.com/RealSpikeCohen/status/1397660910790062086 …
-
-
This Tweet is unavailable.
-
Replying to @ITBeHa
I don't understand how anyone is bent over a barrel, bc dollars are used in transaction, not as a place to STORE value
1 reply 0 retweets 1 like -
This Tweet is unavailable.
-
This Tweet is unavailable.
-
This Tweet is unavailable.
-
This Tweet is unavailable.
-
Inflation makes life savings 401k, etc increasingly worthless over time.
1 reply 0 retweets 1 like -
-
Basically the same effect as any currency debasement. Historically, deleterious at the macro and micro levels, deforming spending, saving, and investing. The 1970s were hell on my parents.
1 reply 0 retweets 1 like
Replying to @HorrorsGreeley @ITBeHa
I'm not defending high inflation. I'm arguing that 2% inflation is fine.
2:57 AM - 27 May 2021
1 reply
0 retweets
1 like
-
-
This Tweet is unavailable.
-
This Tweet is unavailable.
- Show replies
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.