No, it doesn't.
I love how the characters gradually become stronger and stronger, and then suddenly somebody learns this Fireball spell or whatever, and I'm like OMG let's kill the enemies even faster, and then suddenly I can afford the best equipment, and then I breeze through the dungeon of death in which I got slaughtered an hour ago.
As I practically stated earlier, this is particularly fun in the early Dragon Quest games, especially DQ2 and DQ3.
Wohoo!