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even without the added intervention of an aggressive, venezuela-esq leftist government fiat invariably inflates to catastrophe. there is no counterexample. short term benefits aren’t worth the price. we should at least have access to a competing, gold-backed currency.
also seems weird we expect even poor people to invest (+ risk) rather than save in order to avoid a second income tax in the form of inflation? i appreciate the value of investing (obviously, given my profession), but no one should be forced. and we currently sort of are?
So another perspective on this is that we’re all forced to bear risk of some sort because the future is uncertain. If you were paid in gold that risk would be price of gold + opportunity cost risk of not being payed in Apple stock. I know that’s a simplification!
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