South Carolina Citizen Journal

January 7, 2009

Value of a Dollar

Filed under: Economy, Federal — NotforHire @ 10:44 am

Dollars. Greenbacks, Benjamins, bacon, bread, bucks, clams, smackers, simoleans, moolah, cold hard cash.

According to Niall Ferguson’s ‘The Ascent of Money’, since 1957, ‘the purchasing power of the dollar, relative to the consumer price index, has declined by a staggering 87 percent’.

Ah, holiday reading.


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