Why if I have $100 right now, 10 years later that same $100 will have less purchasing power? Why can’t our money retain its value over time, I’ve earned it but why does the value of my time and effort go down over time?
In: 5591
Most basic way I can explain it, supply.
If there are 2 diamonds ONLY in the entire world, they are worth incredible amounts, if you have 200 billion diamonds out and about, they are worth jack shit.
If you have 1 Babe ruth rookie card in existance, its worth a fortune, if every person has a babe ruth rookie card, its essentially worthless.
The more and more of anything you have in circulation, the less it is worth. As the government keeps just literally printing money and tossing it out into the economy, its worth less and less by the day.
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