home bbs files messages ]

Forums before death by AOL, social media and spammers... "We can't have nice things"

   alt.fan.cecil-adams      Fans of legendary knowitall Cecil Adams      144,831 messages   

[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]

   Message 144,271 of 144,831   
   Sanford Manley to All   
   Re: A question about U.S.A. money and th   
   04 Apr 22 14:07:47   
   
   From: ansaman@gmail.com   
      
   On 4/4/2022 10:32 AM, hymie! wrote:   
   > In our last episode, the evil Dr. Lacto had captured our hero,   
   >    Roger House <61rroger@gmail.com>, who said:   
   >> If the government   
   >> ever DOES print more money and the value of the U.S. dollar does drop,   
   >> can I still take the money that I get and pay my rent and bills, buy   
   >> groceries, keep good repair clothes and shoes on hand, and have some   
   >> cable t.v. and internet entertainment?  If yes, then WHY should and/or   
   >> do I care if/that the value of the U.S. dollar drops.  Thank you.   
   >   
   > If the value of the dollar drops, then your dollar has less purchasing   
   > power.  You can still buy gasoline, but you will pay $4 per gallon instead   
   > of $3 per gallon.  You can still buy clothes, but your shirt will cost   
   > $15 instead of $12.  You can still buy food, but your milk will cost $5   
   > per gallon instead of $4 per gallon.   
   >   
   > Is your job going to pay you more dollars, to compensate for the loss in   
   > purchasing power of the dollars you get?   
   >   
   > --hymie!             http://nasalinux.net/~hymie            hy   
   ie@nasalinux.net   
      
   Even more simple: The more money circulating in relation to   
   the goods and services the country produces, the more likely   
   that prices will go up.   
      
   Further, the COVID-19 crisis made many people drop out   
   of the labor force and started a trend where businesses   
   have to pay more for help. This also affects raw material   
   prices and of course, transportation costs are up as oil   
   skyrockets.   
      
   --   
   Sanford M. Manley   
      
   "Trying to be right all the time   
   is a very subtle way of being wrong."   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]


(c) 1994,  bbs@darkrealms.ca