> Money isn't a long-term store of value, it never was
Yes, we all get your point: currency is not intended as a literal store of value. I think this is where the real misunderstanding lies. The good arguments against currency debasement are not about money's ability to "store value" but rather its ability to transmit information about value across time and space. These are arguably the same thing, but the more descriptive phrase makes it clear that the problem is not specifically that the unit of value corresponding to the currency "shrinks" over time, but that the processes used nowadays by monetary authorities to manage currencies severely distort the signals carried in that currency unit in ways that lead to economic waste and increasing inequality.
Yes, we all get your point: currency is not intended as a literal store of value. I think this is where the real misunderstanding lies. The good arguments against currency debasement are not about money's ability to "store value" but rather its ability to transmit information about value across time and space. These are arguably the same thing, but the more descriptive phrase makes it clear that the problem is not specifically that the unit of value corresponding to the currency "shrinks" over time, but that the processes used nowadays by monetary authorities to manage currencies severely distort the signals carried in that currency unit in ways that lead to economic waste and increasing inequality.