The Know-How-To-Earn Carefully Hand-Picked
Make Money Quote And/Or Phrase Of The Day
[There are millions of Quotes, And/Or Phrases, available online today, but there
is only one exclusively chosen and posted here daily @ Know How To Earn. So,
Tune In Each Day to get your mind-set and focused to gain money knowledge.]
[Today’s Quote Or Phrase]
“A NICKEL AIN’T WORTH A DIME ANYMORE”
–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.
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.
[Please understand that a quote and/or phrase may, or may not, be posted every day.]
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