The Belief About The Decline Of Purchasing Power
7
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You money goes further than it use to. Yes you read that correctly.
People seem to think the purchasing power of a dollar is taking place. This simply is not true. The dollar buys more than it use to.
How can that be? The cost of things are going up?
In this video I discuss how this viewpoint omits a lot of factors. The first is we now have a lot of things that are free which use to cost money. Secondly, and even more important, very little is the same as it was 40 years ago. Thus, what you are purchasing is much more than what you received back then.
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