Greenspan: "I don't give a shyt if China and Japan decide to stop buying up bonds"

Discussion in 'Economics' started by Daal, Oct 4, 2006.

  1. nevadan

    nevadan

    It has been quite a bit longer than six years. The amount of inflation in America is staggering. In 1913, the year that the Federal Reserve Act was passed, $100 was worth $2030 in 2006 dollars, which means that the purchasing power of money has been eroded almost twenty fold in a little over 90 years. See www.aier.org/research/col.php
     
    #11     Oct 8, 2006