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Nominal figures are not adjusted for inflation. A comparison of the nominal cost of a government program in 1970 to the nominal cost of the same program in 2011 merely compares the size of the checks that the Treasury wrote in those two years—without any recognition that a dollar in 1970 bought more stuff than a dollar in 2011.
Naked Statistics
Charles Wheelan
It cannot be said too often: all life is one. That is, and I suspect will forever prove to be, the most profound true statement there is.
A Short History of Nearly Everything
Bill Bryson
Cryptocurrencies can be either coins or tokens. It’s a distinction that might seem a few syllables away from a hand wave, but in essence, tokens represent an asset (access to a lecture, for instance, or a digital representation of a physical item like a contract). By contrast, coins have purchasing power—the ability to buy tokens and, one day, a wide variety of other goods.
It’s Okay to Opt Out of the Crypto Revolution
technologyreview.com
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