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> the purchasing power that you had in your unit of currency isn't 'lost', it is actually transferred to the institutions creating the money.

I wish I could upvote this more. If only the majority of people understood this basic fact.




Yeah I wish this was taught in public school. Also I think that part of the problem is that concepts like 'wealth', 'purchasing power' or 'the time value of money' aren't discussed at all until first year University courses in Finance.

I wish more people understood that most of the time wealth is transferred, not destroyed.




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