In 1972, Congress modified Social Security so that it would reflect the loss of purchasing power of the dollar
, resulting in the adoption of the Consumer Price Index, or CPI.
Lehrman, a member of the President Ronald Reagan's Gold Commission in 1981, makes a compelling case for returning to a classical gold standard, not only to protect the purchasing power of the dollar
but to prevent the federal government from using the printing press to pay its bills.
Overall, prices increase and the purchasing power of the dollar
In other words, the purchasing power of the dollar
The purchasing power of the dollar
is increasing versus that of the euro.
Nonetheless he did add that the present stimulus will have a temporary positive effect on the Saudi riyal and other currencies pegged to it by increasing the purchasing power of the dollar
and give a slight boost to the currencies linked to it.
It then gradually and grudgingly settled back before finally leveling out over the next two decades as free markets became more comfortable that monetary policy was capable of protecting the purchasing power of the dollar
absent gold as a paper dollar issuance limiter.
Under a free market and a stable quantity of money (the total amount doesn't matter), increased production of goods will result in a gradual fall in the price level year by year, and therefore an increase in the purchasing power of the dollar
Our fiat currency is very fragile and every action taken by our Federal Reserve Chairman should be for the purpose of preserving the purchasing power of the dollar
Change in the purchasing power of the dollar
, relative to the consumer price index, since the motto "In God We Trust" was added to the dollar bill in 1957 |-87%
The index measures the effective or real prices of New Hampshire exports to the rest of the world based on the purchasing power of the dollar
The currency effect is also exacerbated by the still relatively strong purchasing power of the dollar
in Asia, according to Forrester Research analyst Andrew Bartels.