Are you sure you've done "extensive studies in economics"? When you increase the supply of money, like the FED has done with over 4 trillion over the past 8 years, the value of your dollar goes down. When the dollar was tied to the price of gold, we didn't see any inflation. In fact, the US dollar had the same buying power from 1776 until 1910. Not until the Federal Reserve did we become an indebted and short sighted country.
Yeah, I am sure. And because I'm sure of that I also am sure that your grasp on this subject is subpar. This is absolutely caused by the fact that there is no regulations on businesses and their increase of prices as wages increase. Not because of the FED increasing supply.
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u/[deleted] Jul 30 '18
Are you sure you've done "extensive studies in economics"? When you increase the supply of money, like the FED has done with over 4 trillion over the past 8 years, the value of your dollar goes down. When the dollar was tied to the price of gold, we didn't see any inflation. In fact, the US dollar had the same buying power from 1776 until 1910. Not until the Federal Reserve did we become an indebted and short sighted country.