yes, I understand the traditional relationships – that the buying power is decreased.
However, I wanted to determine the value of the currency as how much effort it would take to obtain that money…which is how that $1000 is view as in the effort to obtain it.
I am trying to see if the money would have the same perception of value by people… in the context of how hard it is to obtain it.
If it took you 8 hrs of sweat to obtain $10 today and 5 years from now it is the same then how would you value $10? Regardless of how much things cost.
Yes, if we earned more and things cost more then something of a fixed value, that $10 would be less significant. But what if income was constant.