Whatever Happened to Penny Candy

Inflation happens when the government prints a lot of money. There is a lot of money, so the value of money is going down, and the prices are rising. This is inflation. It's not happening only to the American dollar, but also to the British pound, the franc, you name it. All over the world, politicians are printing a lot of money so they can buy every thing they want. This means that there is also inflation all over the world. Those pieces of paper called dollars are not dollars. They are just pieces of paper that are not backed up by any precious metal. They are Federal Reserve Notes, not dollars. Back in the colonial days, they were backed by silver. One dollar meant one ounce of silver. The dollar was a kind of IOU. But now, there are too many dollars and not enough silver for this to be true. Bell