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.”
“If in 1980 I bought goods or services for $1.00, then in 2010, the same goods or services would cost $2.67.”
A Special Note concerning our economic situation is found here
SPX at 1146.24 as this post is written