6 ms·
Standard of living is connected to inflation. We should not be asking ourselves "Why is everything more expensive now???" and instead asking "Why is my dollar
by shakinandbakin 14y ago
Standard of living is connected to inflation.
We should not be asking ourselves "Why is everything more expensive now???" and instead asking "Why is my dollar buying me less..."
- taw 14y agoYou are entirely wrong. If everyone earns 10x more and everything costs 10x more (compared with let's say previous year), everybody's standards of living is exactly unchanged, while inflation is 900%.