Is a hamburger today worth a hamburger tomorrow? Well, Wimpy in Popeye certainly thought so.
Trumptartian logic is even worse.
Quote from: MarcusA on June 25, 2023, 11:17:44 PMIs a hamburger today worth a hamburger tomorrow? Well, Wimpy in Popeye certainly thought so.
Probably worth a bit less, on average. In places like Argentina or Venezuela, one can even argue that there is no "probably" about it. Inflation is just one aspect of it though. Another is man hours and energy required to produce it, so it can go both ways, really.
Quote from: Asmodean on June 26, 2023, 02:43:29 PMQuote from: MarcusA on June 25, 2023, 11:17:44 PMIs a hamburger today worth a hamburger tomorrow? Well, Wimpy in Popeye certainly thought so.
Probably worth a bit less, on average. In places like Argentina or Venezuela, one can even argue that there is no "probably" about it. Inflation is just one aspect of it though. Another is man hours and energy required to produce it, so it can go both ways, really.
Economics is fine but it doesn't go as far as ethics.
Economics rushes past ethics, knocking them into a dirty roadside pool, then stomping on their head a couple of times for good measure.
Not always, but enough to matter.
What is right for us today might not be right for us tomorrow.