That final dollar’s purchasing power is dramatically less important (through the inflation of the prices of goods and services, as well as the devaluing [ie printing more] dollars) than what $1 would have purchased, in goods and services, 30 years ago.
The second reason that the final dollar invested is dramatically less important, is that this dollar has not had 30 years of earning interest or growing inside of an investment that is rising (appreciating) in value.
Charles Tadros, M.D.
August 26, 2021
Saint Louis, Missouri
