Do you think inflation has anything to do with making a dollar today worth more than a dollar tomorrow?

Answer is Yes

Step-by-step explanation

Yes, inflation is the most important factor in depreciating the value of a dollar over time since a higher rate of inflation will also mean that the value of the currency would decrease over time, and this should be accounted for using the period value of money idea, which states that a similar value of Dollar today would be worth more than a similar value of Dollar tomorrow.

Inflation is when the value of money or even the purchasing power of a currency depreciates over time. Now's value is greater than tomorrow's value, so a dollar is worth more now than tomorrow. As an illustration, If I can buy two pens for one dollar today, one pen will cost one dollar in the future, lowering the value of money. Inflation, to a degree, is healthy and a sign of progress.

Inflation may also be encountered by making better investments in various initiatives, and if we can produce a higher return on investment than the general rate of inflation, we would be beating inflation and improving the worth of money over period. So we'll aim to invest in different securities that can provide us with a higher returns while also being able to defeat inflation. Such securities may be found in stock markets and other hybrid instruments and private investment securities.

The financial principle of "earlier is better" is predicated on the assumption of inflation. The earlier one may obtain a specific sum of money, the better, because one can buy more today than at any other time in the future, whether it is for financial or non-financial things, which tend to become "costly" with time.

Reference

Triffin, R. (1978). Gold and the dollar crisis: yesterday and tomorrow (No. 132). International Finance Section, Department of Economics, Princeton University.

Kindleberger, C. P. (1985). The dollar yesterday, today, and tomorrow. PSL Quarterly Review, 38(155).