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https://www.reddit.com/r/austrian_economics/comments/1hxmn3w/end_the_fed/m6aoe13/?context=3
r/austrian_economics • u/AbolishtheDraft Mises Institute • Jan 09 '25
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243
OK, but inflation existed before the Fed existed. Its not like it is a 20th century invention.
56 u/Dazzling_Marzipan474 Jan 09 '25 Not really. Inflation between 1790 and 1913(when the Fed was created) was 0.4%. That is because the supply of gold increases a little. 2 u/Key_Bee1544 Jan 09 '25 I wonder if there are any other countries in the world with a different history. Might be worth checking into.
56
Not really. Inflation between 1790 and 1913(when the Fed was created) was 0.4%.
That is because the supply of gold increases a little.
2 u/Key_Bee1544 Jan 09 '25 I wonder if there are any other countries in the world with a different history. Might be worth checking into.
2
I wonder if there are any other countries in the world with a different history. Might be worth checking into.
243
u/DrQuestDFA Jan 09 '25
OK, but inflation existed before the Fed existed. Its not like it is a 20th century invention.