1 USD from 1913 is only worth 2 cents today
Discussion
I wonder how many Americans truly understand it’s implications. Are we that high preference inclined, that we willfully chose to ignore this?
Yup, no doubt.
Just look around. Everything is about short term pleasures and high time preference.
Non of my friends are thinking of their life in 30 years, not even 5 years.
Now look up how the Argentinian peso fared 💸🥲
Thanks to government caused inflation!
Can you apply the bitcoin standard and use sats as unit of account for times prior to the bitcoin genesis block?
Hmm good question. Would be unfair to do so it think. What’s your basis gonna be
If you left it in cash. If you put it into any number of stocks you’d have 100k
