CV113: Marian Tupy - Human Progress
Crypto Voices
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Compound Ain't No Growth Rate in Abundance
Inflation of prices only matters if your wages are increasing at the same or lower rate. As long as the wage, as long as the hourly wage is increasing, then you're going ahead. And so how should we think about inflation of prices? Ecause yo yourself just said, you know, there's real money in 19 90, in a 500 box. But journalists never do this. They never put things into context. So when blomberg says food prices have increased by 20 % since 19 61, it's true, but it's a moronic way of looking at it,. Because you because you have not accounted for the fact that wages have increased by 200 %.
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