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