; and the future hasn't happened yet, so it's speculative and entrepreneurial rather than "scientific"/trying-to-be-accurate.

If we can't compare the purchasing power of a dollar today with a dollar from 1950, how does money work at all?

temporal issue, Misesian Regression theorem style...

 As in, by holding money I continually (say every day) reassess my decision to do so with knowledge of the market prices out there and goods on offer.  I 

 have to make a 75-year comparison across economic eras. That should make a difference eh?

econ

MONEY CLASS OF THE DAY: A Lesson in Inflation Adjusting, Christmas Carol Edition

denlillaapan

I mean, _transport_ rather than _translate_; and the future hasn't happened yet, so it's speculative and entrepreneurial rather than "scientific"/trying-to-be-accurate. 

> If we can't compare the purchasing power of a dollar today with a dollar from 1950, how does money work at all? 

This strikes me as a **temporal issue, Misesian Regression theorem style...** As in, by holding money I continually (say every day) reassess my decision to do so with knowledge of the market prices out there and goods on offer.  I _never_ have to make a 75-year comparison across economic eras. That should make a difference eh?