The worst part of inflation, and especially uneven inflation, is that all of my built-in intuition and calibration about what is "expensive but worth it", "too expensive", or "a good deal" is basically shot to hell.
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The worst part of inflation, and especially uneven inflation, is that all of my built-in intuition and calibration about what is "expensive but worth it", "too expensive", or "a good deal" is basically shot to hell.
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The worst part of inflation, and especially uneven inflation, is that all of my built-in intuition and calibration about what is "expensive but worth it", "too expensive", or "a good deal" is basically shot to hell.
@Crell An argument against using price to indicate value.
I tend to compare prices to my income, or in some cases “net worth” (another awful idea: my “worth” is equal to the market price of my property). This at least accounts for both inflation and changes in personal circumstances.
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