Reply #28: Purchasing Power is What Counts, Sir, And Pretending Otherwise Just Makes You Look Silly

[The Magistrate]

The worth of money resides in what it can be exchanged for; it is not the size of the pile of money, but the size of the pile of goods it can be traded for, that establishes its value. If a pile of money the same size as last year's pile can only get a smaller pile of goods, the amount of value the person given that pile of money receives is smaller than before, or in other words, what that person receives has been cut.