THE DOLLAR MAY NOT HAVE DEVALUED, BUT OUR MONEY CERTAINLY HAS!
When the cost of living rises faster than our earnings, does the technical definition really matter? Everybody seems to be talking about the dollar these days. Some are calling it devaluation. Others are calling it inflation. The economists have their explanations, the politicians have their talking points, and the financial experts have their charts and statistics. But while everyone is busy debating what to call it, ordinary people are standing in supermarkets wondering how a bag of groceries that once lasted a week can now barely last three days. And that is where I have a problem. Because whether you call it inflation, currency depreciation, dollar devaluation, or the rising cost of living, the reality is that our money is losing its purchasing power. And no amount of fancy economic terminology is going to change what happens at the cash register. When Did Simply Living Become So Expensive? Think about it. Food is not a luxury. Electricity is not a luxury. Water is not ...