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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (35758)	7/11/2005 5:42:44 PM
From: Tommaso	Read Replies (2) \| Respond to of 110194

To start with, it's not an analog chart. So earlier doublings show up as minor blips compared to present price levels. Your original statement was that there had never been inflation in the U. S. until the Federal Reserve took over, and that is not true. That chart is cannot be reliable . What currency, what goods, and what prices are being measured? Prior to about 1800, all sorts of currencies and coins were used in America. Also, most of the commodities traded were different now and services were different. How can you compare the cost of a bag o oats to feed a horse with, say, a gallon of gasoline. Even daily wages is not a very good measure. If you would stick to talking about the last 40 years instead of making sweeping statements about earlier times, there would be some truth in what you say. The chart does not even try to show the total loss of value of the currency issued by the Continental Congress. If it did, the line would rise to infinity because the money became totally worthless.