Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: DannyTN
Yeah and the dollar has also lost 94 percent of it's value.
Those Depressions that you speak of usually ended in several years. Jackson warned about the deadly power of a national bank, it's time to start bringing his spirit back, and end the FED
40 posted on 12/09/2010 12:18:06 PM PST by cowboyusa
[ Post Reply | Private Reply | To 29 | View Replies ]


To: cowboyusa

The dollar losing 94% of it’s value over the course of 80 years is not a problem. Most economists believe a small rate of inflation is helpful to the economy because it provides and incentive to people to invest instead of simply hoarding cash.

Over 80 years a small rate of inflation will add up. But the economy itself hasn’t been harmed. That small amount of inflation does not appear to have harmed our economy over the last 80 years.

If you hoarded cash 80 years ago, you have lost a lot of purchasing power. But if you invested in a diversified portfolio, you now have incredible purchasing power compared to 80 years ago.

The Ron Paul plan works only if you want to pursue the incredibly stupid economic goal of incenting people to hoard cash and not invest.


48 posted on 12/09/2010 1:12:35 PM PST by DannyTN
[ Post Reply | Private Reply | To 40 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson