To: Jack Black
Still, I don’t see the mechanisms in place to ALLOW us to devalue the dollar.
Wouldn't rapid inflation, especially hyperinflation, accomplish the same thing?
To: CottonBall
It would. Even slow inflation devalues the dollar. You can use “the rule of 72” to find out how quickly inflation cuts the value of your money in half. Divide 72 by the inflation rate to get your answer.
57 posted on
04/13/2009 10:09:23 PM PDT by
Pelham
(America, an extinct culture formerly occupying Mexifornia and New Aztlan.)
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