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by sundance0
4348 days ago
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> Although in fact the decline of the value of the dollar is relatively predictable because of the Federal Reserve's policy goal of keeping inflation relatively low and the law of large numbers as applied to the generation of the real rate of inflation. That's a crucial point. If the Fed didn't pledge to keep inflation under control, the dollar wouldn't be such a great store of value or medium of exchange. It's the stability promised by central banks that allow you to "predict the value of a dollar" in the immediate future. |
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