> I was presenting a rough zeroth order approximation because I didn’t understand how the value of money could be completely divorced from assets/the economy.
Money has no value except in what it can buy you, the most important of which are shelter, water, and food for survival. After that you get into what can help you achieve happiness / fulfillment.
As a percentage of household spending, food (even with recent risen prices) have never been lower:
We've never lived longer, with fewer diseases, and had an easier (and safer) time to travel.
Sadly shelter (especially if you want to buy) has gotten more expensive (at least in the Anglo-sphere), but that's more about things like zoning policy and such rather than money supply.
So what exactly has dropped in "value" in human life/lives with the increased amount of money that's supposedly bouncing around? When in human history have things been better? If you could jump in a time machine that goes 88 mph, what period of history would you rather be in to live your life?
Money has no value except in what it can buy you, the most important of which are shelter, water, and food for survival. After that you get into what can help you achieve happiness / fulfillment.
As a percentage of household spending, food (even with recent risen prices) have never been lower:
* https://www.npr.org/sections/thesalt/2015/03/02/389578089/yo...
and clothing:
* https://www.bls.gov/opub/ted/2006/may/wk5/art02.htm
* https://www.aei.org/carpe-diem/as-a-share-of-household-spend...
We've never lived longer, with fewer diseases, and had an easier (and safer) time to travel.
Sadly shelter (especially if you want to buy) has gotten more expensive (at least in the Anglo-sphere), but that's more about things like zoning policy and such rather than money supply.
So what exactly has dropped in "value" in human life/lives with the increased amount of money that's supposedly bouncing around? When in human history have things been better? If you could jump in a time machine that goes 88 mph, what period of history would you rather be in to live your life?