The Federal Reserve - Why US Currency is Not Real Money

Gold and silver are considered real money in most parts of the world. Even in the united states of America, legal tender was backed by gold or silver until 1968 when the Federal Reserve Bank, finally convinced the congress to allow the FRB to remove any kind of real money backing whatsoever.

united states of America and World Economics

Most people have a modicum of knowledge about economics. They know when they have steady employment, they can typically afford to pay their bills. They know if they spend too much on credit, they may not be able to pay the bills. They also know that the cost of living increases. But what makes the cost of living actually increase.