Chart of the Day: Inflation Since the American Revolution
The Internet Post
As is clear by this chart, inflation was virtually unheard of until the Creature from Jekyll Island (the Federal Reserve) took over. However, more importantly, things didn’t really start to get bad until the 1970′s right after Nixon took the nation off the gold standard in 1971. Since that time, America has seen a period of non-existent real wage growth and a huge gap grow between the rich and the poor. Nothing like livin’ the debt slave dream!
Filed under: economics, Uncategorized Tagged: federal reserve, Federal Reserve System, Gold standard, Jekyll Island, NIXON, Real wage, Richard Nixon, United States 
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2013-01-09 09:23:00
Source: http://tipggita32.wordpress.com/2013/01/09/chart-of-the-day-inflation-since-the-american-revolution/
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