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To: BfloGuy

See post 28. A 95% drop in value over 100 years is not a concern for anybody who isn’t hoarding cash in their mattress. The purpose of currency is facilitate business transactions, not to be a long term store of value.


35 posted on 06/22/2013 7:01:41 AM PDT by DannyTN
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To: DannyTN
The purpose of currency is facilitate business transactions, not to be a long term store of value.

Oh, I agree with you that currency's primary function is as the medium of exchange and that it is not a store of value. But let's not forget that those of us who use dollars are losing purchasing power as its value drops. And businesses cannot perform accurate calculations because its value does not drop evenly across all prices; but hits different sectors of the market unevenly and at different times.

Inflation is not the nice, smooth process you inflationists pretend it to be.

And that value is dropping because of government interference. No such thing would happen if the citizens still owned the money as they did before FDR socialized it by confiscating their gold. Government-caused inflation is evil: it is the theft of money from its own citizens.

52 posted on 06/22/2013 2:23:45 PM PDT by BfloGuy (The Eurozone policy might best be described as "Laurel and Hardy Carry a Piano Upstairs.")
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