Ending The Fed’s Independence Properly Will Not Cause More Inflation, Part 2
As we showed in Part 1, under the Fed’s superintendency of the nation’s currency after it opened its doors for business in 1914, the purchasing power of the dollar has declined by…
Written byDavid StockmanSource: David Stockman's Contra Corner
As we showed in Part 1, under the Fed’s superintendency of the nation’s currency after it opened its doors for business in 1914, the purchasing power of the dollar has declined by 97%. That’s surely a screaming failure by every pre-1980s notion of the role of the central bank because in those halcyon times maintaining […]
You must be a Stockman's Corner member in order to view this post, subscribe to