Ron Paul's End The Fed

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Ron Paul's End The Fed

Posted by: Czar ()

Date: October 11, 2009 05:19PM

a quote from his new book.

"one only needs to reflect on the dramatic decline in the value of the dollar that has taken place since the Fed was established in 1913. The goods and services you could buy for $1.00 in 1913 will now cost nearly $21.00. Another way to look at this is from the perspective of the purchasing power of the dollar itself. It has fallen to less than $0.05 of its 1913 value. We might say that the government and its banking cartel have together stolen $0.95 of every dollar as they have pursued a relentlessly inflationary policy."
---and the graph to go along with it.
http://mises.org/images/3687/Figure1.png
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purchasing power of the US dollar 1913=$1.00.png

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