Comment by BuyMyBitcoins
15 hours ago
I understand the rationale around targeting inflation and seeking to actively avoid deflation. That being said, I wish the inflation target was less than 1%.
Eventually, possibly within my lifetime, a Big Mac meal is going to cost $50.
> Eventually, possibly within my lifetime, a Big Mac meal is going to cost $50.
Is the problem the number or the concept?
Your salary should also go up so the only thing affected is the cash you hold. Would it be better if the currency would be version-bumped every 10 years and rescaled to remove the inflation?
Salary should go up, you say… how well is that holding true?
In the US wages have outpaced inflation. Obviously that's an aggregate measure so it's not true for everyone.
That last comment was more of a reflection on how old I’m getting. I did a poor job of conveying that.
I am curious if I’ll live long enough to see the United States issue higher denomination bank notes again.
What if you are too old and cannot work?
Pensions and social security are indexed to inflation. 401ks should beat or match inflation.
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Investments outpace inflation even more than wages (r>g).