Hacker News new | past | comments | ask | show | jobs | submit login

Assuming that is true inflation will still decrease the real value of the goods I purchase providing you with a greater share of the economy year after year. The general idea is that goods will increase at a higher rate than $1/year providing me with more wealth regardless of how rich you become. Unfortunately while a good idea in theory it hasn't really seemed to work in the US. The gap between the rich and the poor increased dramatically and minimum wage workers having trouble surviving.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: