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by jlmorton 1945 days ago
> One of those has been decimated by a fiat printing press, the other has been a great investment

How has the US dollar been destroyed? It has enjoyed remarkable price stability, very close to the target rate, which is what everyone expects and can plan for.

The other has seen astronomical, wild price swings, which no one could plan for, and while it's currently enjoying a high value (just as tulips once did), it was worth 95% less just 10 months ago - and probably will be again soon.
1 comments
solosoyokaze 1945 days ago
The dollar has absolutely been destroyed. Housing, health care... true inflation is rampant.

> The other has seen astronomical, wild price swings, which no one could plan for, and which is currently enjoying a high price (just as tulips once did), but which was worth 95% less just 10 months ago - and probably will be again soon.

People have been saying this at their own expense for a decade.

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jlmorton 1945 days ago
Housing costs are not high because the dollar has been debased. They're high because of high demand and lack of supply in many urban locations, primarily because of local zoning and permitting processes.

If housing were expensive because the dollar had lost value, then you would expect it to be cheap to buy a house in SF in some other form of currency. But it's not, no matter what medium of exchange you want to use, it's still expensive.

And there are of course lots of locations with significant supply where housing in the US is dirt cheap, like Detroit.

Health care is more complex, but the same general idea applies. Whether you pay in USD, or anything else, it's still expensive.

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solosoyokaze 1945 days ago
0% interest is definitely inflating the cost of housing.

> Whether you pay in USD, or anything else, it's still expensive.

> no matter what medium of exchange you want to use, it's still expensive.

Not if you hold BTC. It's unfortunate that people are self-sabotaging by keeping USD based assets when there's actually an alternative that's not in a inflationary spiral.

I think the BTC hate on this site is unique though. In the "real" world people are pretty excited about crypto and acting in their own best interest by acquiring it.

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