What Is The Value Of Money Tied To?

United States
July 14, 2012 2:09pm CST
I know that the real answer is confidence that we place in the dollar. I also know that to devalue the dollar you have to lower the confidence in the dollar's purchasing power. With that said, to the average person, a dollar is a dollar is a dollar. So is the dollar losing value, or is the price of goods and services rising? The paper is worthless in reality, but it sure is causing alot of real issues in the world these days.
1 response
peavey
@peavey (16936)
• United States
15 Jul 12
Honestly, I think the perception for most is that the cost of goods and services are rising. It's all semantics anyway. Whether the dollar is of less value or the goods is of more value, it takes more dollars to get the same value.