National Affairs: Expensive Money

At birth, the probability of life of a human being is 56 years. Ten years ago, it was 51 years.* At birth, the probability of life of a dollar bill is seven months. Ten years ago, it was one year. The Treasury Department is worrying about this difficulty and, last week, announced its preliminary plans for doing something about it.

The Reason. The Treasury has guessed at the reasons for the decreased life of paper money. They are chiefly two: 1) The dollar is worth now less than two thirds its pre-War value. Consequently, people have to carry about a third again...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!