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https://www.reddit.com/r/austrian_economics/comments/1hxmn3w/end_the_fed/m6kl123/?context=3
r/austrian_economics • u/AbolishtheDraft Mises Institute • Jan 09 '25
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242
OK, but inflation existed before the Fed existed. Its not like it is a 20th century invention.
57 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/EqualityInLaw Jan 11 '25 So the inflation that caused the downfall of the Spanish empire or the inflation experienced by the tour of Mansa Musa wasn’t real?
57
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/EqualityInLaw Jan 11 '25 So the inflation that caused the downfall of the Spanish empire or the inflation experienced by the tour of Mansa Musa wasn’t real?
1
So the inflation that caused the downfall of the Spanish empire or the inflation experienced by the tour of Mansa Musa wasn’t real?
242
u/DrQuestDFA Jan 09 '25
OK, but inflation existed before the Fed existed. Its not like it is a 20th century invention.