Friday, February 18, 2011

I love this quote about paper money

I would point out, too, that the U.S. dollar has lost 95% of its purchasing power since 1913. And the U.S. dollar is among the best currencies of the last hundred years. That says something about paper currencies, doesn’t it?

This points out why if we keep printing more paper money, we will have hyper inflation and our economy will be ruined. Inflation is already growing at an increasing rate.

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