2007-11-18 17:19:22 · 7 answers · asked by slowsmile 2 in Politics & Government ➔ Government
Sources?
2007-11-18 17:24:52 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Look up the word inflation, it is because of rising costs not the Fed. Why do you think things cost more??? Also, where did you get 96% at?? the dollar's purchasing power historically decreases by about 4% every year, therefore it takes twice the amount in 20-25 years to buy the same thing.
2007-11-18 17:28:42 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Well done the UK government have managed to reduce the purchasing power of the Pound by at least 99% mostly during terms of Labour governments.
2007-11-18 17:41:34 · answer #3 · answered by Anonymous · 0⤊ 0⤋
in 1960's there was $4 to the £1 now only $2, they haven't done that bad
2007-11-18 17:40:59 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes actually. I think a small amount of inflation is actually healthy for an economy.
2007-11-18 17:26:59 · answer #5 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
A dollar right now buys what 14 cents did at that time.... So that would be about 86% decline!!!
2007-11-18 17:28:23 · answer #6 · answered by Anonymous · 1⤊ 1⤋
Yeah, it's called inflation.
2007-11-18 19:06:49 · answer #7 · answered by Anonymous · 0⤊ 0⤋