Max Hobrough Chapter 10 question 7

This chapter mainly talked about the value of money in all of its forms and how they can be used and the flow of this currency. The part that really interested me was how when you look at an object that you bought a long time ago for cheap then you look to buy one these days and it is so much more money. This strength of the domestic American dollar has gone down in value over time due to inflation and the amount of currency that is actually available for the public. The more currency we produce the more the dollar goes down in value. An example of this is buying bonds, it is almost anticipating inflation of the dollar because really if you look at the actual amount of a bond you bought a while ago in most cases you are just getting the same amount of money it would be worth when you bought it. So some people look at this and are mind blown because a bond they bought a while ago is "worth" so much more than it they bought it for, but it is really just inflation of the dollar. There is a way we can fix this, my idea is that we make our currency actually have self-worth and not just a meatless piece of paper or zinc. This would actually give value to the dollar which would secure strength for it in the future.