You may remember a time when you were asked "will that be paper or plastic?" and it queried how you wanted your groceries sacked.
It works pretty well for buying gasoline (or most other items) these days. Bear with me:
In 1970 you could buy three gallons of gas with a dollar bill or a silver dollar. Anyone could easily get a silver dollar for a paper dollar.
Today you can buy about five gallons of gas with a silver dollar, but you can only buy one-third of one-gallon with a paper dollar. When was the last time you could trade a paper dollar for a silver dollar? Tried lately? Good luck!
- This is a difference of fifteen times (15x) or 1,500%! It is also called INFLATION.
And there are still some who believe the Government when it says "Inflation? What inflation? We don't have no stinkin' inflation!"
Sunday, 9 May 2010
Inflation...............from Rico
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1 comment:
It seems like it was 1964 when they quit making real silver money. My parents owned a couple of car washes and we use to look for the silver coins.
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