The Value Of The Dollar – Since 1913

In the November 25, 2009 post I commented upon how Ron Paul has repeatedly mentioned that the dollar has lost over 95% of its purchasing power since the founding of The Federal Reserve in 1913.

This fact lacks recognition, as does its implications and consequences.

Recently I came across a feature on the Minneapolis Federal Reserve site titled “What is a dollar worth?”  This calculator is based upon CPI.

For instance, a couple of examples, with inputs in light blue and the output in dark blue:

“If in 1913 I bought goods or services for $1.00, then in 2010, the same goods or services would cost $22.19.”

as well:

“If in 1980 I bought goods or services for $1.00, then in 2010, the same goods or services would cost $2.67.”

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A Special Note concerning our economic situation is found here

SPX at 1146.24 as this post is written