Ah, so the mechanism is a reduction in present value of money, not an increase in future value (though it implies an increase from the reduced current value). That does fit nicely with my general finance-world outlook, which is “we’re not as rich as we think”, but I’m not sure I’m sold on the rebound part of the story.
Ah, so the mechanism is a reduction in present value of money, not an increase in future value (though it implies an increase from the reduced current value). That does fit nicely with my general finance-world outlook, which is “we’re not as rich as we think”, but I’m not sure I’m sold on the rebound part of the story.