Money is only important in a relative sense. What fucking use is it if it’s all being eaten up by costs of living? The ideal is a low cost-of-living to GDP ratio so most people can live with minimal fuss and effort. Preferably in an area that isn’t a complete festering pesthole, as most “low cost” parts of the US are.
As far as influencing the world, better to live in the world and enjoy life than try to change the world.
I don’t see deflation as a threat as much as a wonderful thing when it corrects things that were initially overpriced. And I’m glad that the Fed is under pressure to end QE now and not listen to liberal garbage like Paul “let’s inflate a housing bubble in 2002” Krugman.
Ah well, maybe I should just move to Poland or Czech Republic. Prague and Krakow are both beautiful cities, per capita income is half to 1/3 that of the US, so I can live decently on US rental income, or like a king if I find a job over there.
