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Author Topic: Dow Industrials Close Highest Since Dec 2007  (Read 117 times)

Offline wbcoleman

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Re: Dow Industrials Close Highest Since Dec 2007
« Reply #15 on: September 12, 2012, 10:43:46 am »
Quote from: clistensprechen on September 12, 2012, 10:41:27 am
Well, there ya go. Money is worth something only when it's spent. The rich would be well advised that the only way to preserve the value of the money they're sitting on is to spend it. As long as they just sit on their wads, it's only paper of eroding value.

In an inflationary environment there's something to be said for that.  Of course, in the early 1930's cash was becoming more valuable.
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