Hapankaali

Dutch timekeeping, on the other hand...

What time is it? Why, ten before half 4, of course. A very normal and sane way of telling the time.

Four score and seven years ago...

Well okay, if you're not stuffing your mattress, then what does it matter what a certain amount of a currency might have bought in the past? You can't time travel to spend it.

Sure, but not currency that has been stuffed into mattresses for decades.

It goes into the retirement account and is immediately converted to something else that is a hedge against inflation. Typically, some kind of productive asset or proxy thereof, like stocks or real estate.

That's false on multiple levels.

For one, median real wages have been fairly stable and in fact have modestly increased in recent years, meaning wages did in fact increase alongside prices and you (or at least the median American) did "get more dollars." This is no surprise - if there is inflation because money loses value, then the price of labour increases just as the price of goods and services does.

Secondly, the deliberate government policy is to aim for modest inflation of a few percent since the economic consensus is that this is beneficial for financial stability. So inflation is not a bug, it's a feature. For the most part, monetary policy has been successful in achieving this goal in recent decades, aside from a brief inflation spike during Covid.

Finally, prices have not "skyrocketed" at all, not even during the Covid inflation spike, this is just hyperbole.

Some in a checking account, sure, but that should be a small amount that isn't significantly affected by inflation.

Retirement funds typically aren't bills stuffed in mattresses, and if they are, that's on you.

But you don't need to hold on to it for decades.

People who watched the historical documentary Kingdom Come: Deliverance 2 know the pistol was first widely used in Europe in the early 15th Century - in fact, "pistol" is possibly a Czech loan word. However, it was introduced from China, where it was invented in the 12th Century.

The European EV market is dominated by European carmakers. There are dozens of models, many of them affordable.

Tortilla de queso.

What's funny is that Jimmy Wales, who has described himself as an objectivist, is far from "leftist" or "liberal" himself. But unlike this asshole, he is principled.

Farmhands warn of tractor automation as dark farmland future looms.