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Purchasing power

glossary · noun

What a unit of currency can actually command — the real goods and services a nominal sum will buy. The essay's subject: the quiet erosion of this power under fiat, as each new issuance dilutes what every existing unit can claim.

As used in: fait-accompli

"Trapped on the treadmill chasing more paper, failing to notice that it is our "purchasing power" slipping away."

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