When the Kingston Trio came out with their rendition of "Greenback Dollar" with the lyrics saying "I don't give a dam about a greenback dollar I spend it just as fast as I can" today, half of that phrase ... for an equivalent value of goods or services.
WHAT IS THE POINT OF MACRO?
Dylan Grice from Societe Generale in London wrote on value for an OTB a few weeks ago ... But this just meant that almost half a decade later, anyone who listened to me would have lost about 40% of his investment, instead of the 70% that the homebuilding ...
The Fed and the nickel dollar
In other words, the dollar had lost half its purchasing power as measured by gold. By the end of 1972 ... De facto devaluation has occurred, even though it once required a direct order by the president. In 1973, the dollar's value was turned over to ...
The Death Certificate Of The Paper Dollar: Where To Next?
The world dollar standard’s death certificate arrives in the mail this week ... The floodgates open. In the second half of 2011 monetary policy scholars, policy virtuosi, financiers and activists have issued over half a dozen books and important ...
A Million Bucks Ain't What It Used to Be (But It Still Might Be Enough)
Indeed, as of 2010, the median net worth of an American family was just $77,300, and that includes the value of ... to being only half-rich. The Incredible Shrinking Million It might be a matter of thinking that having a few million dollars doesn't enable ...