@idiosyncratic1
more from that month
The discussion of Purchasing Power I saw a nice debate on the purchasing power of fiat money between people. Some of them claim that the purchasing power has dipped since 1982 while the other claim that even %5 interest on $1000 would turn it into 130,000 as of today so there is no lose in the purchasing power compared to these days. We may claim that #inflation has skyrocketed but if the theory that %5 interest in 100 years may compensate the lose can also cover the potential lose from the purchasing power. To be honest, it is a deep issue that should be handled in a long post. What do you think/ feel about the purchasing power for fiat #money? How about #crypto? Enlighten us ^^
1 comment
The very important question is: where are the 5% interest products in tradition finance? I mean, in last years we’ve never seen. Moreover, the interest and multiplier is there only for people who can save money, for other there’s no interest and no multiplier