Abstract
100 years ago, a mile was a mile, a dollar was a dollar, and a liter of water weighed a kilo. The 1999 kilo is identical to the 1899 kilo. The 1999 dollar is only a pale shadow of the 1899 dollar and of the 1969 dollar. All the national monies in 1999 measure less than they did in 1989, and they were less valuable in 1988 than in 1978.
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© 2002 Robert Z. Aliber
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Aliber, R.Z. (2002). They Invented Money so They Could Have Inflation. In: The New International Money Game. Palgrave Macmillan, London. https://doi.org/10.1057/9780230500976_8
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DOI: https://doi.org/10.1057/9780230500976_8
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-72544-3
Online ISBN: 978-0-230-50097-6
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