Further Debasement of Coinage Likely – H.R. 7995

By Torrey and Gray | December 3, 2020

Yesterday the U.S. House of Representatives passed H.R. 7995, initiating a study to be done to determine possible changes to the metal mixture used to mint coins. https://docs.house.gov/billsthisweek/20201130/BILLS-116hr7995-SUSv1.pdf Prescribed inflation targets such as the 2% target erodes the value of savings and inclines consumers to spend not versus saving and accumulating capital.  See https://www.investopedia.com/articles/insights/122016/9-common-effects-inflation.asp Other…

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