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To: Gunslingr3
. Over the next 270 years, the silver content of the denarius declined gradually and then precipitously to about 2%.

That's pretty slow. The Treasury and Federal Reserve clipped the dollar down to 4% of its value in only 100 years. At that rate the dollar would be worth 0.02% of its 1913 value after 270 years. And that's under the government's optimistic official inflation rate.

25 posted on 03/09/2014 12:00:01 PM PDT by KarlInOhio (Republican amnesty supporters don't care whether their own homes are called mansions or haciendas.)
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To: KarlInOhio

The dollar is about the right value now.

Remember back in the 60s and 70s when to keep things 19 cents or 39 cents, they had to keep making things smaller?

With money today worth 1/10 as much, it is easier to change the price of that “19 cent” item from $1.99 to $2.09 and keep a standard size.


29 posted on 03/09/2014 12:28:14 PM PDT by UnbelievingScumOnTheOtherSide (HELL, NO! BE UNGOVERNABLE!)
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