|
|
|
|
|
|
by vel0city
1580 days ago
|
|
|
> Try saving for retirement. At 2% inflation (the target rate), after 20 years you'd lose 1 - (.98 ^ 20) = 33.2% of the purchasing power of your savings. People shouldn't be holding dollars for retirement. People should be investing in productive assets. Its not good to have society's wealth locked up in paper notes or shiny metals hidden under a mattress or buried in the backyard. |
|
|