On the record
That would mean that the purchasing power of every dollar that you have in your pay envelope, or in the bank, or included in your insurance policy or your pension, would be reduced to about eighty centsą worth.
Source
gutenberg.orgFDR: “That would mean that the purchasing power of every dollar that you have in your pay envelope, or in the bank, or…”
Editor's note · Context
Roosevelt illustrates the impact of inflation on the purchasing power of money.
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Apr 9, 1945
The Secretary of the Interior shall make employment available and provide protection to all employees working at such mines.
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