Why isn’t the time value of money applied to currency in terms of purchasing power? Let’s say I have a dollar from 1930. I should be able to exchange that dollar today anywhere based on its present value, right? Doesn’t make any sense to me but I’m slow
In: 9
it’s present value is $1. It’s a dollar. doesn’t matter if it was printed in 1930 or 2023. A dollar is a dollar. The value of the dollar changes in comparison to other currencies, not to itself over time.
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