Re:10 years of whatever this has been
by vel0city on Thursday November 18, 2021 @11:50AM
(#29267542)
> I have saved all my money in USD
If your entire life savings are in USD, you're doing it wrong. USD (any real currency, really) is to be spent. It has no returns. It is not a productive asset. The only reason to hold USD is to have liquidity. It is not a good thing for your non-productive medium of exchange to be one of the better stores of value, as it discourages investment into actually productive things. We shouldn't want a society that takes all their value and buries it in the backyard, we should want a society that is encouraged to invest in each other, trade, and grow.
If your entire life savings are in USD, you're doing it wrong. USD (any real currency, really) is to be spent. It has no returns. It is not a productive asset. The only reason to hold USD is to have liquidity. It is not a good thing for your non-productive medium of exchange to be one of the better stores of value, as it discourages investment into actually productive things. We shouldn't want a society that takes all their value and buries it in the backyard, we should want a society that is encouraged to invest in each other, trade, and grow.