Money (cash) is not wealth. Wealth can be created, or destroyed. The clearest ex... | Hacker News

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		compumike on July 13, 2022 \| parent \| context \| favorite \| on: Show HN: Inflation-adjusted stock charts – Total R... Money (cash) is not wealth. Wealth can be created, or destroyed. The clearest explanation I've read for this was a PG essay: http://www.paulgraham.com/wealth.html specifically the "Money Is Not Wealth", "The Pie Fallacy", and "Craftsmen" sections. Of course this essay has a positive/optimistic take on it, but certainly wealth can be destroyed as well.

whatshisface on July 13, 2022 [–]

That's true, but I am not aware of any wealth indices, only price indices, and price indices can only increase and decrease relative to each other.

JumpCrisscross on July 13, 2022 | [–]

> I am not aware of any wealth indices

Term you’re looking for is “benchmark.”

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