How To Wreck The Fed, Part 2

America’s industrial economy was ruined by the Fed’s pro-inflation monetary policy. Once the shackles were removed by Nixon’s August 1971 default on the dollar’s gold-backing it was Katy-bar-the-door time in terms of domestic inflation. In fact, the domestic price level as measured by the CPI has risen by a staggering 677% since then. Stated inversely, […]
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