Don't use that stinking shit they call "money".
They'll rip you off longterm.
Short fiat, long everything else.
Fiat is not meant to be hodled.. it's meant to be invested or consumed.
Hoarders who stall economic growth are punished for a reason.
It's not economic growth when just the numbers increase. And usually the prices increase much more than the wages.
Nice economic growth when the majority of the people gets ripped of, and only the stinking rich get even richer.
All this so called growth does is increase the gap between rich and poor.
Compared to now:
New house: $250000 or so (64 times increase, so about 3 times more expensive in terms of income) Also note that since everything is more expensive nowaday few people actually have income left after all their expenses, unlike in 1938, so the actual effect of inflation is much worse. You should adjust for 'disposable income', you'd be shocked how little disposable income many people have nowadays.
Average income after tax: $39588 (22 times increase)
New car $20000 (23 times increase)
Monthly Rent $1500 per month (56 times increase)
Movie ticket $12 (48 times increase)
Gasoline $3.63/gallon (36 times increase)
everything is much more expensive compared to the wages which increased much less.
Also, when you save up your money for later use you'll only have a fraction of what you saved.
That at the end of the current month price should be with three zeros :] I hope you were right.
