"Each year, therefore, a dollar spent on alcoholic beverages has purchased a smaller quantity"
- William Lyon Mackenzie King
About this Quote
This quote by William Lyon Mackenzie King is referring to the decreasing purchasing power of a dollar when it comes to alcoholic beverages. In other words, each year it takes more money to purchase the same quantity of alcoholic beverages. This could be due to a variety of aspects, such as inflation, increased taxes, or a decrease in the accessibility of particular alcoholic beverages. It might also be due to the fact that people are consuming less, leading to a decline in need and therefore a reduction in the buying power of a dollar. Whatever the cause, this quote is a reminder that the acquiring power of a dollar is not fixed and can alter with time.
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