Earlier quoted context omitted.
everybody already understands that the dollar is subject to long term inflation which is why people put their money into stocks or pension funds and don't put cash under the mattress for 80 years. The predictable change in the value of the dollar is priced in and desirable for many macro-economic reasons and irrelevant to consumers. As far as the dollar value is concerned you care if the milk and the orange juice cos…
> everybody already understands that the dollar is subject to long term inflation which is why people put their money into stocks or pension funds and don't put cash under the mattress for 80 years. The predictable change in the value of the dollar is priced in and desirable for many macro-economic reasons and irrelevant to consumers. Understanding and accepting are different things. I might know that the dollar is g…
yes it is when my alternative is cryptocurrencies traded by nerds who want to buy lambos while I don't even know if its value is up 50% or down 50% week to week and every transaction costs me dollars.
The US dollar is one of the most stable and predictable currencies that we have and it has been for decades, as are most other major currencies or baskets of assets or what have you. There is no worry for hyper-inflation and even if there was, don't hold your entire assets in dollars and you're fine