Hacker News new | ask | show | jobs
by sporkydistance 505 days ago
If legal tender #2 went up 115% in 4 years I would feel like a jackass for spending it in 2021 because I would have doubled my money if I saved it.

Do you see the absurdity?

2 comments

Can you expand on the argument? You might as well have invested the 2021 "value" (regardless of in which currency it was disbursed) into some non-inflationary asset (like bitcoin, gold or some index fund) -- that should make you feel equally bad.
Inflationary legal tender is a novel concept.
So novel... remind me again what happened to spain in the 16th century?