RE: A $CUB is Worth More in the Future Than Today
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With fiats, money tends to devalue with time.
How much more computing can you get today compared to 2000? Music? What is your per minute long distance charge today compared to 30 years ago?
How about video? You rented films of late? How much does a photograph cost?
People keep saying it devalues not realizing all that went down in price or is essentially free. How about real estate in areas that are suffering population declines? Did the value of the fiat in purchasing power go up or down? Considering much of the developed world is facing this issue over the next decade, I think it a value concern.
Just another way people completely skew the debate.
Also, keep in mind that the average household income in the US is over $60K; in 2013 it was $500. That is 120X increase.
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So, your submission is that fiat doesn't devalue with time? Instead, it's the cost of services and goods that increase over time?
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