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Updated: May 15, 2025
When a dollar is not always a dollar, when the 100-cent dollar becomes the 65-cent dollar, and then the 50-cent dollar, and then the 47-cent dollar, as the good old American gold and silver dollars did, what is the use of yelling about "cheap money," "depreciated money"? A dollar that stays 100 cents is as necessary as a pound that stays 16 ounces and a yard that stays 36 inches.
Take the so-called 20-cent pieces in circulation; they lack a little of weighing one fifth as much as the 100-cent dollar; consequently it takes sometimes 110 and again 112 cents "small coin" to equal one dollar!
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