Value is vague on purpose, since it means that something retains its "essence" tomorrow as good or better than today. Otherwise humans would not even be able to feed themselves since the only reason I can have food in the winter is because I have something to exchange for food from places that have figured out to grow or store food. It also would be a terrible place if we worked very hard today and our returns depreciated rapidly, because there will be times when we can't work
Sure, stocks and bonds have historically held some value, but is near impossible to out perform base inflation and has gotten worse the last 20+ years. Physical land and tangible long term goods have held up, but difficult to use for trade, hence currency
What does the term "wildly fluctuate" mean? In 50 years of USD fiat, gold vs USD has gone from 35$ to ~2000$ per ounce. That seems pretty rapid to me, since I can still talk to living people who experienced it
At least BTC has historically gone up, whereas fiat goes down, although only a few years of data for crypto compared to thousands of fiat, so maybe crypto will do the same as well
If that's the case, that is quite the bummer, since although there are 8+ billion of us, most of us don't want to die fighting capitalism since we at least get fed (or a majority does) and those who love capitalism tend to have large weapons that cause destruction beyond my comprehension
I had a shower thought recently about how life itself is such an amazing and odd experience, and that's why we put up with such terrible things, since the alternative is not great
Yes. Partner does not