My latest substack post, on the long-term purchasing power of "free", is now up.
https://cognitivecarbon.substack.com/p/the-long-term-purchasing-power-of?sd=pf
https://cognitivecarbon.substack.com/p/the-long-term-purchasing-power-of?sd=pf
CognitiveCarbon’s Content
The long-term purchasing power of 'free', by definition, is zero.
This is what "student loan forgiveness" and "free college" and "UBI" proponents simply do not grasp: the inherent value of anything is equivalent to what must be traded for it in exchange.