Forgot the law of supply and demand, the devaluation of fiat money is a much simpler equation. The simple answer is when you print more money, there is more money pursuing the same things. The net effect is that the prices rise. That means each unit of the currency can now acquire fewer goods, hence […]
Another Day. Another Dollar
“Money makes the world go round” or “to make money, you got to spend money.” These are common phrases associated with the physical manifestation of money. The Federal Reserve System is familiar with those two phrases more than most as it controls the amount of money that circulates in The United States. Not so long-ago, […]