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West Lafayette IN | The purchasing power of the dollar actually went up in the 100 years from 1800 to 1900 because of the Industrial Revolution. Just imagine, it might have taken a gunsmith a week to build a musket in 1800. That same gunsmith could turn out 10 per day in 1900. In that situation, the value of the dollar didn’t change, the value of the musket decreased because they were making so many of them. Today, the value of the dollar is decreasing because……wait for it……wait for it….THEY ARE MAKING SO MANY OF THEM. LOL.
Edited by Dirk Diggler 9/21/2023 15:32
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