Why Does Inflation Matter?

January 11th, 2013
inflation, money
If we switched to a new currency, decidollars, where every price was numerically 10x higher but wages were also 10x higher, that would be a bit annoying as we adjusted our expectations, but would it matter? How is this different from inflation? Couldn't I spend my whole life thinking in 2010-dollars, internally adjusting everything for inflation? What do nominal amounts affect?
Referenced in: Adjustible Rate Everything

Comment via: google plus, facebook, substack

Recent posts on blogs I like:

Elixir's Last Dance

On May 18th, the contra dance band Elixir had their last gig ever. The dance was packed: there were three hundred people. It was the only dance BIDA has ever done where they sold tickets. People flew from across the country just to hear Elixir play one la…

via Lily Wise's Blog Posts June 5, 2025

Body Language For Trans People

When I first came out as trans, resources for trans people were full of advice about body language.

via Thing of Things June 2, 2025

Workshop House case study

Lauren Hoffman interviewed me about Workshop House and wrote this post about a community I’m working on building in DC.

via Home April 30, 2025

more     (via openring)