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<p>[QUOTE="Texas John, post: 1046883, member: 25813"]I suppose it's a little late in the discussion to point out that money isn't worth anything in itself. It's a notational index - a way for people to tell one another how much things are worth.</p><p><br /></p><p>In the past, this function was generally accomplished by using money that also had a specific commodity value. Even then, (almost) nobody wanted the commodity the money represented; they wanted the things they could get with money. </p><p><br /></p><p>It really doesn't matter how the notional value of a "dollar" has changed over time, so comparison of a 1913 "dollar" to a 2010 "dollar" is the proverbial argument over apples and oranges. A "dollar" then was "worth more", but it also took more to get one. Not to mention that a "dollar" today can be used to buy things no amount of "dollars" could buy in 1913. Air conditioning, computers, iPods, big screen TVs, antibiotics, weekends in Paris, etc. etc.[/QUOTE]</p><p><br /></p>
[QUOTE="Texas John, post: 1046883, member: 25813"]I suppose it's a little late in the discussion to point out that money isn't worth anything in itself. It's a notational index - a way for people to tell one another how much things are worth. In the past, this function was generally accomplished by using money that also had a specific commodity value. Even then, (almost) nobody wanted the commodity the money represented; they wanted the things they could get with money. It really doesn't matter how the notional value of a "dollar" has changed over time, so comparison of a 1913 "dollar" to a 2010 "dollar" is the proverbial argument over apples and oranges. A "dollar" then was "worth more", but it also took more to get one. Not to mention that a "dollar" today can be used to buy things no amount of "dollars" could buy in 1913. Air conditioning, computers, iPods, big screen TVs, antibiotics, weekends in Paris, etc. etc.[/QUOTE]
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