Why was a dollar more valuable 60 years ago?

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Inflation, is the simple answer. But what causes this? Why couldn’t society just keep on keeping on with prices? Examples, a $0.25 for a candy bar, $0.75 for a fast food burger, $30k for a home etc. It worked then, so why not now, why not just agree to lower the prices of everything?

In: Economics

29 Answers

Anonymous 0 Comments

A dollar is a unit of debt. Overtime debt devalues. This is natural and good; but of course people ruin everything they touch with corruption.

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