Inflation, Here We Come!

A truly frightening look at how the supply of Dollars has exploded over the last few months.  From the St. Louis branch of the Federal Reserve.

To give a comparison, that little blip around 1990 is the First Gulf War.

According to measuringworth.com $1.00 in 1775 had the purchasing power of $1.11 in 1912.  So in 137 years, a dollar  lost 10% of it’s value.  $1.00 in 1913 had the purchasing power of $22.90 in 2008.  The dollar has lost 96% of it’s purchasing power in 95 years.  

1913 was the year the Federal Reserve was created.

That is the Power and Folly of Paper.

What’s another $900,000,000,000 between friends?  It’s only Money.  The Government can always print more, right?  

About Paul R. Ferro

Paul R. Ferro is Senior Editor at RedMassGroup.com. The 9th registered user of RedMassGroup.com, Paul has been with RMG from it's inception. He's also a former 4-term Marlborough City Councilor and currently serves as Chairman of the Marlborough Republican City Committee. You can follow him on twitter @PaulFerro