A Nickel Ain’t Worth A Dime Anymore

nickel usa both sides

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Make Money Quote And/Or Phrase Of The Day

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[Today’s Quote Or Phrase]
Yogi Berra

Thoughtful Or Funny Variations
“Don’t Take Any Wooden Nickels”
Author Unknown

“Don’t Take Any Wooden Money”
Sinclair Lewis

“Not Worth A Plug Nickel”
“Not Worth A Plugged Nickel”
Author Unknown

The History Or Definition Of Today’s Quote Or Phrase
What is the true value of money? People will often evaluate money based on its face value, but they overlook
its real purchasing power, which is known as the money illusion. Wikipedia: In economics, money illusion, or
price illusion, is the affinity for people to think of currency in nominal, rather than real, terms. In other words,
the face value [nominal] value of money is mistaken for its purchasing power [real value] at a previous time.

yogi berra nickel quote

PS Even A 2-Year-Old Can Understand This Explanation: A “money illusion” is when people view their wealth,
and/or their income, in current dollar values, rather than recognize its real value, when adjusted for inflation.

A Nickel Ain’t Worth A Dime Anymore
In other words, a nickel [or any currency] has less value
now, and it is not worth nearly what it used to be worth.

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