Posted on 02/18/2007 7:25:46 AM PST by staytrue
Public opinion can be a deterent and higher interest rates can also deter govt. created inflation.
[...to day there is no legal definition of the value of the dollar. Its value fluctuates according to supply and demand.]
That's how it's supposed to be. Assuming the economy is sound (people are continuing to freely produce goods and provide services in exchange for money) and the government isn't screwing with the supply of currency, then a dollar accurately reflects the real value of work.
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