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   MEMORIES      Nostalgia for the past... today sucks      24,715 messages   

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   Message 22,474 of 24,715   
   JOE MACKEY to AUGUST ABOLINS   
   Money (was: Sure isi quiet...)   
   22 Jul 21 06:47:28   
   
   TID: PX/Win v3.0pr5 PX96-0466M2   
   MSGID: 1:135/392 8c80e21c   
   TZUTC: -0400   
     Aug wrote --   
      
   >  JM>   While things cost more today, people have higher   
   >  JM>   incomes. Its a circle. Higher wages mean high prices   
   >  JM>   since the companies have to pay their people more, etc.   
   >    
   > It really doesn't *have* to be that way. Except for the extra     
   > bills that the mint my print, all we're doing is pushing the     
   > same money around.   
      
     At one time paper money was backed by gold.  That was replaced in the   
   '30s with silver, and that was replaced in the '70s by "faith".  Faith that the   
   money you held in your hand was worth more than the paper its printed on.    
   ==sigh==   
     Of course using gold or silver the value of the dollar was based on the   
   value of gold/silver at the time.     
     Joe   
   --- Platinum Xpress/Win/WINServer v3.0pr5   
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