Without a gold standard to back it, moneys been a fuzzy math proposition for some time and now, to your point, we are further severing it from actual value. Feels like inflation is the inevitable next step to the capital begetting capital, which eventually devalues all capital to the point of farce. Makes me think of the poor beggars carting wheelbarrows full of money to buy a loaf of bread post WW1 in Germany. At least inflation can’t devalue a human life…unless it’s measured by money.
Damit Tom. You did it again. Great stuff.
Thank you!
Not a hate on incentives or the crazy awesome things being done.
Related to your piece:
https://www.wsj.com/tech/3-6-million-an-hourand-other-ways-to-measure-elon-musks-fortune-04e590a5?st=Bed8rK&reflink=article_copyURL_share
I love this, Tom. It's something I've known for a while but would not have been able to explain or express it as well as you've done here. Thank you.
Thank you!
Without a gold standard to back it, moneys been a fuzzy math proposition for some time and now, to your point, we are further severing it from actual value. Feels like inflation is the inevitable next step to the capital begetting capital, which eventually devalues all capital to the point of farce. Makes me think of the poor beggars carting wheelbarrows full of money to buy a loaf of bread post WW1 in Germany. At least inflation can’t devalue a human life…unless it’s measured by money.