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<p>[QUOTE=&quot;Conder101, post: 7445674, member: 66&quot;]More they stated the same because wages were stable.&nbsp; The value of the silver in the coins varied considerably so I&#039;m not sure how much the fact they were silver stabilized prices.&nbsp; In the 188&#039;s the silver in a dollar was only worth about 80 cents.&nbsp; by the 1930&#039;s the value of the silver dropped to about 20 cents, and by 1960 it was approaching $1.</p><p><br /></p><p>Now I will agree that the purchasing power of the dollar began dropping after the coins went to base metal and then began a more rapid slide after the last of the convertibility to precious metal was removed, but a greater reason was probably the&nbsp; greater embracing of deficit spending. It was also around that time that the Congress gave up an pretense of doing their job and passing the budget and spending bills by the legally mandated start of the fiscal year. (Fiscal year for the US Government starts Oct 1st so by law the budget and appropriation bills have to be passed by Sept 30.&nbsp; I believe they have actually accomplished that one time in the past 45 years.)[/QUOTE]</p><p><br /></p>

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