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?
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People are forgetting the “like I’m five” part.
When everyone has the same trading card, it has no trade value. No one will take it. When you’re the only one with a certain trading card, everyone wants it, so it has tons more value. You can trade it for whatever you want.
Same principle. As more money is printed, it becomes less valuable. Pennies used to be important to track. Now there’s so many pennies that we get sick of seeing them. So they have less value. $100 used to be a rich person’s bill. Now everyone has $100, so it can barely cover groceries for the week.
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