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Non-authwalled link: https://outline.com/ycjSSm


Seriously, I've seen nothing on Medium that would be worth paying or registering for. It's LiveJournal dressed like a newspaper.


I think you meant to say "A dollar tomorrow can be worth more than a dollar today".


That would be positive time value.


I believe it would be negative time value?

It is generally assumed that in an inflationary economy, a dollar today is worth more than a dollar tomorrow

The post above seems to talk about deflation.

It's possible we're just using a different sign convention (or perhaps I've missed something more fundamental)


Yeah, I do think we're just using different sign conventions here, because of inflation and opportunity cost a dollar today should be worth more than a dollar tomorrow.


A dollar today is worth more than a dollar tomorrow, thats why I have to give you $1.1 tomorrow in exchange for you giving me $1.0 today.


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