What Gives a Dollar Bill Its Value?

by Joe Carter • October 9, 2015

What gives a dollar bill its value? Mostly that determination is based on how much—or how little—currency is in circulation. But who makes that decision, and how does their choice affect the economy at large? Doug Levinson provides a brief explanation of how the United States Federal Reserve attempts to balance the value of the dollar to prevent inflation or deflation.

Joe Carter

Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).

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