Tuesday, July 24, 2012

Ultimate Anti-Fed Infographic

With the bills to Audit the Fed (HR459, S202) coming to vote momentarily, it's good to get a refresher on what it's about. 

Business Insider brings the best Infographic on the Federal Reserve.   These things are big, so the best way to read that is to go there. 
(excerpt from that page - the value of the dollar since 1913 follows:)

The Fed is charged with maintaining the value of the dollar by keeping inflation in check.  I say this data shows they have completely failed and we'd be better off without them.  That implies going back to a commodity standard, like gold - which happens to be mandated by our constitution. 


drjim said...

I just wonder if there's any gold left in Fort Knox.....

Anonymous said...

If you extend the 'value of the dollar' chart back to 1800, lots of interesting facts expose themselves.

The most interesting is stability of value in the periods where there is no national bank or excessive war debt.

Your segment in the 20th century shows clearly where Federal Reserve policy killed the monetary recovery after the crash of 1920; and how policies after the Bretton Woods agreement destroyed the remaining value of our money.

... in the NC woods

Graybeard said...

Hans - if you go to the last link in there, it's to something I wrote last winter on whether or not we could go back to a gold standard. There's an Excel chart I did that goes back to 1800, and then some newer data.

Graybeard said...

Yeah, that is one of the big questions, isn't it?

Anonymous said...

Good stuff, Mr Graybeard ... thanks.