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RE: The U.S. Dollar isn't used as often as it once was to buy goods and services.

in LeoFinance2 years ago

really nice write up. I was completely unaware of this metric. It would be interesting to study what medium of exchange has replaced these spending habits. I've definitely seen (in more blue collar areas) lots of services being exchanged with little or no money changing hands. Wonder how far that goes in various places.

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I know from listening to my Grandparents' stories about being young adults during the Great Depression most, if not all, arms length transactions between people were goods and services for goods and services and very little money exchanging hands. Move forward 92 years and we are fast approaching similar situations. Thanks for timing time out to read and look at my posts. Have a great weekend and safe Holiday!