THE NEWSHOUR WITH JIM LEHRER | Paul Solman 1/14/09 | PBS
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All fiat currencies go bust. Sooner or later fiat currencies go bust. Since 1913 the dollar has lost 97 out of 100 cents. In other words, 1 dollar today will buy what 3 cents bought in 1913. All economic reality is based on this principle. Sorry folks, only governments like fiat currency since it can be debased legally.
budb11 3 years ago
The hamster analogy makes a lot more sense than a lot of opining heard from macroeconomists.
voyeurdug 3 years ago
I like this new episode when Paul Solman asks economists for predictions for the year ahead and interviews "standup economist" Yoram Bauman, who mines financial news for comedic material. Great new episode! 5 stars
Scottskaterforlife 3 years ago