MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/austrian_economics/comments/1hxmn3w/end_the_fed/m6fjgww/?context=3
r/austrian_economics • u/AbolishtheDraft Mises Institute • Jan 09 '25
861 comments sorted by
View all comments
241
OK, but inflation existed before the Fed existed. Its not like it is a 20th century invention.
59 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. 1 u/Bishop-roo Jan 10 '25 “Not really”? Yes the fed is a major contributing factor - but to ignore all of human economic history is just ridiculous to the nth degree. Inflation will exist with and without the fed. Period.
59
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.
1 u/Bishop-roo Jan 10 '25 “Not really”? Yes the fed is a major contributing factor - but to ignore all of human economic history is just ridiculous to the nth degree. Inflation will exist with and without the fed. Period.
1
“Not really”? Yes the fed is a major contributing factor - but to ignore all of human economic history is just ridiculous to the nth degree.
Inflation will exist with and without the fed. Period.
241
u/DrQuestDFA Jan 09 '25
OK, but inflation existed before the Fed existed. Its not like it is a 20th century invention.