PITTSBURGH (NewsRadio 1020 KDKA) – Does it feel like the money you earn doesn’t go as far as it once did? In his new book, “Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It,” Steve Forbes says that it doesn’t.
The Chairman and Editor-in-Chief for Forbes Media and former presidential candidate joined KDKA’s Larry Richert and John Shumway to talk about the current state of the economy.
Forbes says that the U.S. dollar is not as powerful as it used to be in the world.
“Since the early-1970s, since (the U.S.) went off the gold standard, the dollar’s value has lost 80 percent,” with 30 percent of that loss just since the beginning of the decade, according to Forbes.
He says the declining value of the dollar is responsible for the housing bubble, why “two incomes in a family can…
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