Abstract
A hundred years ago, a mile was a mile, a dollar was a dollar, and a liter of water weighed a kilo. The 2010 kilo is identical to the 1910 kilo. The 2010 dollar is only a pale shadow of the 1910 dollar and of the 1810 dollar. All the national monies in 2010 measure less than they did in 1910.
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© 2011 Robert Z. Aliber
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Aliber, R.Z. (2011). They Invented Money So They Could Have Inflation. In: The New International Money Game. Palgrave Macmillan, London. https://doi.org/10.1057/9780230246720_9
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DOI: https://doi.org/10.1057/9780230246720_9
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-230-01897-6
Online ISBN: 978-0-230-24672-0
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