posted on Sep, 21 2008 @ 07:33 PM
Hi Relentless, thanks for the response
Originally posted by Relentless
Okay, I see where you are thinking that your garbage car would be worth more (only meaning it would take more dollars to buy it)
This is what I'm talking about though - money is nothing unless it's attached to something with some sort of tangible value. But a loaf of bread is
worth a loaf of bread whether it costs 50 cents or $100,000.
A college education or a house is worth much more than a loaf of bread, but if your student loan or your mortgage was negotiated at a certain amount
of dollars then that's that - you owe that amount of dollars, it doesn't matter what those dollars are worth now.
The car thing was just an example for the sake of having an anecdote but I think you see what I mean right?
If suddenly the rest of my mortgage payments are equal to 2 loaves of bread - I'm skipping lunch for a week.