Voltaire (1694-1778) once said, ``Paper money eventually returns to its intrinsic value ---- zero."
No matter how you look at it...
From Price levels...
No matter how you look at it...
From Price levels...
Or inversely translated into the currency's purchasing power...
Paper money based on the US dollar system is indeed headed towards ZERO
Source AIERAs Thomas Paine(1737–1809) an English pamphleteer, revolutionary, radical, and classical liberal once wrote, ``Paper money is like dram-drinking, it relieves for a moment by deceitful sensation, but gradually diminishes the natural heat, and leaves the body worse than it found it. Were not this the case, and could money be made of paper at pleasure, every sovereign in Europe would be as rich as he pleased. But the truth is, that it is a bubble and the attempt vanity. Nature has provided the proper materials for money: gold and silver, and any attempt of ours to rival her is ridiculous…."
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