Re: time to provalue our money?

To this litany of country names with currencies than have been
devalued you can add Germany, Argentina and, of course, the USA. The
usbuck is or will be abandoned shortly by many countries as a reserve
currency. The only thing surprising is how slow Americans have been to
notice.

On Jul 14, 1:02 am, Mike Marotta <merc...@xxxxxxxxxxxxx> wrote:
On Jul 8, 5:58 pm, "OhioGuy" <n...@xxxxxxxx> wrote:

  I think revaluing coins should be done at a 100 to 1 ratio.  1 penny next
month would be worth what 100 pennies are now.  25 cents next month would
buy what $25 buys right now.
  What say you?

Usually, it takes more zeroes.  If you look at the history of Turkey,
Italy and Japan, you will see that nations can live with "too many"
zeroes.  When Japan modernized during the Meiji Restoration, their
silver and gold yen were the same as the US silver dollar and gold
dollar.  After "winning" small wars against China and Russia and
losing one big one, the yen was worthless.  The same situation
obtained in France, which "won" two world wars at the cost of two
currencies.

If the US got to the thousands -- $10 for gum; $50/gallon for
gasoline; $10 for a newspaper -- a revaluation might be done.

Your basic point, however, is taken:  what once cost cents now costs
dollars.  Among the causes of that were two American "victories" in
major wars and a spotty record in the smaller ones.

Freedom of the press used to refer to newspapers.

Mike M.
Michael E. Marotta
"Money -is- speech: read a dollar bill."

.

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