/biz/ - Business & Finance

>>11650255
reminder cpi is not a useful measure of value over time for the same reason a ruler made of ice is a bad measure of length i.e cpi's value is not independent of time. Do you think nikes, iphones, cars, airplane tickets, food has gotten cheaper or more expensive to manufacture over time.

Gold is the unit of value because all things' value change relative to the value of gold with respect to time.

If you choose cpi as you definition of value you will never be able to accumulate enough wealth to stop working. That is what keynesian economics is; they minimise unemployment by controlling money supply or in other words: central banks print money so you can't stop working.

When FDR reduced the gold redeemability of the usd with the 1930s new deal did change the value of gold or the value of the dollar?
when nixon removed the gold standard completely did he change the price of gold or did he change the price of the dollar

Freedom is a choice that no one can take from you. No one can define value for you

the fact that currency debasement is possible is the cause of all war and societal degeneration. Bitcoin is the first opportunity to destroy currency debasement.