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  1. Making the Dollar Worth a Dollar, again

    by , 05-25-2023 at 06:30 PM (Memories of the 28th Century)
    Most people donít think about inflation and the money supply, but they are things that are important. It has come out in the news recently, because Congress is discussing raising the debt ceiling again, and that is an important factor in determining the value of the dollar. The dollar is backed by debt, Treasury Bonds to be specific. As long as there is a market for Treasury bonds, the dollar will be worth something, but the quantity theory of currency applies. That means that the more money that ...