the currency diminished in value. Those who are last to touch the money get it on the chin, because they see prices go up for everything and yet their earnings stay the same, and the example is they get poorer without realizing why.
“I would recommend against buying long-term fixed-dollar investments,” Buffett, chairman and chief executive officer of Berkshire, said March 25 in New Delhi. “If you ask me if the U.S. dollar is going to hold its purchasing power fully at the level of 2011, 5 years, 10 years or 20 years from now, I would tell you it will not.”
Interest rates dictated by a few individuals create distortions in the market, which in turn spur ill-advised investments. They are like a balance between savings and consumption: the more individuals consume, the gradual increase of the rate of interest we see to promote