vinney on Nostr: A silver quarter from 1964 could buy a gallon of gas at $0.25 per gallon. Today, ...
A silver quarter from 1964 could buy a gallon of gas at $0.25 per gallon.
Today, you'd have to melt that quarter down, getting you roughly $5 worth of silver in order to buy a gallon of gas, while the face value of the coin would buy you a thimble full of fuel.
That's right - the purchasing power of the previous metal changed so much less than the purchasing power of the face value that **the only way to recover the truth is to destroy the illusion.**
I've found that this quarter story is pretty understandable for those new to currency debasement. Extra effective if you have both a '64 quarter and a contemporary quarter on hand to feel.
Published at
2025-02-26 12:05:13Event JSON
{
"id": "2e523dad9ac71b94c7026927eec72201558583ba2eaef03ae4873810b83d204e",
"pubkey": "2efaa715bbb46dd5be6b7da8d7700266d11674b913b8178addb5c2e63d987331",
"created_at": 1740571513,
"kind": 1,
"tags": [],
"content": "A silver quarter from 1964 could buy a gallon of gas at $0.25 per gallon. \nToday, you'd have to melt that quarter down, getting you roughly $5 worth of silver in order to buy a gallon of gas, while the face value of the coin would buy you a thimble full of fuel. \n\nThat's right - the purchasing power of the previous metal changed so much less than the purchasing power of the face value that **the only way to recover the truth is to destroy the illusion.**\n\nI've found that this quarter story is pretty understandable for those new to currency debasement. Extra effective if you have both a '64 quarter and a contemporary quarter on hand to feel. ",
"sig": "cd3f3eac0ca2a626ff4f085d0b1b7c48d9d8fb58294ac7ebacd600dcb76c3171a00c971edd25c5e79cc4a65b5e5d02633c1e49b58fe336559c538d3f92c4fd4e"
}