{"id":"4a9d60575790baf74df435d7db25517a66170382ac196ad3f87964eac0bb7f1e","pubkey":"a44dbc9aaa357176a7d4f5c3106846ea096b66de0b50ee39aff54baab6c4bf4b","created_at":1736183251,"kind":1,"tags":[["t","Bitcoin"]],"content":"The NFL Salary Cap was ~$34 million when it was introduced in 1994. Today the Salary Cap is ~$260 million.\n\nHas the NFL Salary Cap outpaced inflation?\n\nIf you use CPI to calculate the 2024 value of $34 million 1994 dollars, the answer is a MASSIVE YES.\n\nAccording to CPI, $34 million in 1994 dollars is equivalent to $72 million.\n\nAccording to the government, the NFL is a massive success, however...\n\nIf we use the M2 money supply growth as the proxy for inflation, things look different.\n\nUsing M2 as a proxy for inflation, $34 million 1994 dollars is equivalent to $205 BILLION.\n\nNearly 10x the current salary cap.\n\nNeither of these measures is a perfect proxy for money supply growth (inflation). No one knows how many dollars exist and more can be \"printed\" at any time.\n\nThat said, NFL players likely make less than their 1994 counterparts.\n\nThey just seem richer because the \"non-rich\" have gotten poorer by comparison in the last 30 years.\n\nI make wine, not sense.\nI buy #Bitcoin, not dollars\n\nHODL WINE\nHODL BITCOIN\nJust don't HODL dollars\nPeonylanewine.com","sig":"f547e4f5642d43c7c68ba21fda6a88418e1eeca76a4a2ff204558b4dd47778b595a6a273f1af7fe15dc09174f5251fb08199ebf7ae68b10762699ea27ca6dba9"}