> even without inflation tomorrow dollars are worth less than today dollars.
Interesting and a little counterintuitive but I guess it has to do with the time value of the dollar. As in you own the dollar longer thus it has more value?
Interesting and a little counterintuitive but I guess it has to do with the time value of the dollar. As in you own the dollar longer thus it has more value?
No. As in, having $10 million cash in hand today has more value than having a guarantee that you will be paid $10 million 10 years from now. Think about it, would you rather have $10 million now, or in 10 years? Which is more valuable to you?
- I could invest the money today and have more than $1,000 next year
- I might die before next year and never get to enjoy the money