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Dollar is going down... [message #60610]

Sun, 04 January 2004 19:03

MrBob
Messages: 474
Registered: February 2003
Location: Virginia, USA

Karma:

Commander

The reason the dollar is going down is because of inflation. The government wants to pay for stuff and prints/coins money (as if taxes aren't enough). And when they inflate, there's more money. And with more money, there is less value:

^ The amount of money increases.

V Prices go down

The reason prices go down is because businesses know the money is worth less, but the government forces people to treat the paper as a real dollar. So since they can't say the money is less than it's actual value, they simply raise the price.

So anyway, the reason the US dollar's value is going down is because of inflation. And since the money is worth less than it's said to be, people get rid of the bad money and keep the good money (Gresham's Law). That's why people always spend modern moeny and keep things like gold and silver certificates.

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[Message index]

		Dollar is going down... By: IRON FART on Sat, 03 January 2004 23:18
		Dollar is going down... By: Nodbugger on Sat, 03 January 2004 23:53
		Dollar is going down... By: Javaxcx on Sun, 04 January 2004 14:38
		Dollar is going down... By: Jelly on Sun, 04 January 2004 15:16
		Dollar is going down... By: MrBob on Sun, 04 January 2004 19:03
		Dollar is going down... By: Hydra on Tue, 06 January 2004 15:30
		Dollar is going down... By: NHJ BV on Fri, 09 January 2004 07:57

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