Message:

<p>[QUOTE=&quot;medoraman, post: 1250676, member: 26302&quot;]Lucy, there are so many variables moving in Economics even those with Nobel Prizes, who have the same school of thought, rarely agree. Its simply readin others thoughts, and taking away what you believe to be true. If any economist ever stated he is absolutely right, you are absolutely looking at a liar. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Concerning cash, yes you need to remember it costs you money to have cash in your hand and not earning interest. I am not saying its a horrible thing, and it may be worth the money you are losing for peace of mind and security, but the point is absolute you are losing money by not generating interest. That&#039;s all it means, and like I said if you prefer it that way its fine, simply recognize it costs you a little bit for that security.</p><p><br /></p><p>This is why people who make comparisons using nominal dollars, (like you put them under your mattress), from 1930 to today are making false assumptions. Dollars are expected to be invested and earning interest, so $1 from 1930 may be equal to $40 today, and that is the comparison that should be made. Saying how much purchasing power a dollar has lost from 1930 to today are simply erroneous comparisions designed to scare you, (usually into buying something the author is selling). </p><p><br /></p><p>Hope that helped.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in