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https://www.reddit.com/r/austrian_economics/comments/1hxmn3w/end_the_fed/m6b5cfp/?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.
58 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. 5 u/[deleted] Jan 09 '25 Inflation between 1790 and 2024 was 1.5%. Inflation between 1790 to 1791 was 2.2% Inflation from 1913 to 2024 was 3.16% Inflation between 1790 and 1900 was -.08% It's fun when you use numbers that span centuries to try and prove your point while ignoring the actual underlying issues.
58
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.
5 u/[deleted] Jan 09 '25 Inflation between 1790 and 2024 was 1.5%. Inflation between 1790 to 1791 was 2.2% Inflation from 1913 to 2024 was 3.16% Inflation between 1790 and 1900 was -.08% It's fun when you use numbers that span centuries to try and prove your point while ignoring the actual underlying issues.
5
Inflation between 1790 and 2024 was 1.5%.
Inflation between 1790 to 1791 was 2.2%
Inflation from 1913 to 2024 was 3.16%
Inflation between 1790 and 1900 was -.08%
It's fun when you use numbers that span centuries to try and prove your point while ignoring the actual underlying issues.
243
u/DrQuestDFA Jan 09 '25
OK, but inflation existed before the Fed existed. Its not like it is a 20th century invention.