Why Savers Are Losers: Why the Rich Get Richer - Yahoo! Finance: "My poor dad believed in saving money. 'A dollar saved is a dollar earned,' he often said.
The problem was he didn't pay attention to changes in monetary policy. All his life he saved, not realizing that after 1971 his dollar was no longer money.
You see, in 1971 President Richard Nixon changed the rules of money. That year, the U.S. dollar ceased being money and became a currency. This was one of the most important changes in modern history, but few people understand why."
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