It's Worse Elsewhere

MONEY It's Worse Elsewhere Western European nations have been much praised for their postwar emphasis on sound money policies, but their success in fighting inflation has actually been no greater than that of the U.S. In fact, reports the International Monetary Fund, the U.S. dollar over the past decade has held its value just about as well as any other important currency, and better than most. Percentage increase in the cost of living in a dozen representative nations from 1953 to 1961:

Belgium 11% U.S. 12% Canada 12% Switzerland 12% West Germany 17% Italy 23% Japan 25% Great Britain 29% France 44% Spain 57% Mexico 66% Bolivia 2,470%

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