What Gives a Dollar Bill Its Value?
Religion & Liberty Online

What Gives a Dollar Bill Its Value?

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 writer for The Gospel Coalition, author of The Life and Faith Field Guide for Parents, the editor of the NIV Lifehacks Bible, and coauthor of How to Argue Like Jesus: Learning Persuasion from History’s Greatest Communicator. He also serves as an associate pastor at McLean Bible Church in Arlington, Va.