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so currency A loses purchasing power over goods and services, but currency B loses purchasing power even faster, thus it looks like currency A is gaining value relative to currency B
and in your mind somehow this makes currency A gaining value overall, even though you can buy less land, beef, oil, or gold with it than a year ago.
you're the literal posterboy for fiat dude, please keep talking, its HILARIOUS.
Replies (2)
Sigh. It makes currency A gain value *versus currency B* even though you can buy less beef with currency A ... because you can buy *even less* beef with currency B.
You select some things to compare, you compare those things. That's what value is. There is no such thing as non-relative value. Duh.
Hard to believe I'm having this discussion.
so you DO know what inflation is.
okay so what's the question? why should we save in a deflationary currency?
