Re:Show HN: Inflation-adjusted stock charts – Total Real Ret...
by compumike on Wednesday July 13, 2022 @10:19AM
(#32083102)
Money (cash) is not wealth. Wealth can be created, or destroyed. The clearest explanation I've read for this was a PG essay: http://www.paulgraham.com/wealth.html specifically the "Money Is Not Wealth", "The Pie Fallacy", and "Craftsmen" sections. Of course this essay has a positive/optimistic take on it, but certainly wealth can be destroyed as well.
[ Parent
| on HN ]
Re:Show HN: Inflation-adjusted stock charts – Total Real Ret...
by whatshisface on Wednesday July 13, 2022 @10:42AM
(#32083424)
That's true, but I am not aware of any wealth indices, only price indices, and price indices can only increase and decrease relative to each other.
Re:Show HN: Inflation-adjusted stock charts – Total Real Ret...
by JumpCrisscross on Wednesday July 13, 2022 @12:38PM
(#32085092)
> I am not aware of any wealth indices
Term you’re looking for is “benchmark.”