Comment: To be fair

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To be fair

My pay would not be $10.50/hour if I could exchange my fed notes for their face value in silver coins. So yeah the TV would cost less in nominal terms but it might still cost a similar amount in terms of the number of hours that I need to work to earn enough money to purchase said TV. Although I would argue it would, especially over time, become cheaper as it would be harder to depress real wages in an honest money environment so productivity gains should lead to a decrease in real prices in the long run.