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Because inflation is the decrease in the value of a dollar over time, the "older" dollar is always worth more.
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∙ 15y ago
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How much is a 1966 stamp worth today?
Just about what is was worth in 1966, more than likely, without any adjustment for inflation.
What worth more dollar or euro right now?
The euro is worth more right now because of a combination of the recession and general inflation.
How does inflation change economic choices?
As inflation rises, the cost of items increases because the currency is not worth as much as it was before inflation. When prices rise, economic choices available to people become more limited.
What is a 1963 nickel worth?
Most are worth five cents. Five cents in 1963 was, of course, worth much more than it is today after decades of inflation.
Who would be more likely to favor inflation debtors or creditors?
A debtor would favour inflation; the debt would be repaid with money which is worth less than when it was borrowed.
In a period of inflation when would a 100 dollars buy the most when it was borrowed or when it was repaid?
It was worth more when it was borrowed.
When you adjust for inflation which is worth more 1908 pennies 1960 1990 2006 0r 2007?
1908
Does inflation have anything to do with?
Inflation refers to the rate of increase of goods and services in a country Let us say the inflation rate of your country is 10% then whatever was worth $100 last year is worth $110 this year. This is the effect of inflation.
What was the dollar worth in 1950?
In 1950, one dollar was worth one dollar. Adjusted for inflation, one dollar in 1950 is just under $10 in 2014.
What was the dollar worth in 1970?
In 1970, one dollar was worth one dollar. Adjusted for inflation, one dollar in 1970 is just over $6 in 2014.
Does inflation have anything to do with making a dollar today?
If I understand your question correctly, when dealing with inflation, a dollar earned today is worth more than a dollar earned at any time in the future. This has to do with the concept of the present value of money. Because inflation devalues the dollar over time, a dollar earned today is worth more than say, a dollar earned five years from now.
Why can't we just print more money?
We can print more money, but when we do that too much, we create inflation. Inflation is when the same thing costs more money to buy it. Money doesn't grow on trees, if the U.S. were to suddenly start printing more money we would enter a period of inflation. Inflation occurs when a country starts producing more money than it's worth. If this were to happen a person who receives ten dollars per hour may be given a raise of fifteen to twenty dollars an hour, however this will also mean that a laptop computer that cost $300 might be bumped up to $500-600. Keep in mind that these are just examples. Hope that helps.
