U.S. Credit Reporting Firms Aim to Magically Make Us Taller

U.S. Credit Reporting Firms Aim to Magically Make Us Taller

Share to Linkedin The bureaucrats at the Bureau of Weights and Measures are so stingy. Their unwillingness to shrink the foot means none of us can grow. If they would just cut the foot in half, we could all be 12 feet tall, or something like that. Except that no one would be fooled by such a transparent attempt at magic. A foot is a measure, as opposed to a device of deception. Call it a veil. Changes in its length won't make us taller or shorter. Reality always intrudes on attempts to deceive. What's true about feet is also true about money. In the 1960s, U. S. manufacturers feared that the stable dollar defined as 1/35th of a gold ounce was limiting the competiveness of their exports. They quite literally felt a change in the value or "length" of the dollar would render them more prosperous. Eventually President Nixon gave them their wish. Love or hate his decision to sever the dollar's link to gold, doing as Nixon did was an explicit devaluation of the dollar. Manufacturers cheered? No doubt for a time, only for reality to intrude. You see, all production of anything is a consequence of global