Yet again, this actually doesn't demonstrate anything... 74 years between 1838 and 1912: 0.06 74 years between 1912 and 1986: 3.37 As it happens, Titanic sunk in 1912. Should I conclude that the sinking of the Titanic caused higher realized inflation? 'Cause, to paraphrase you, 74 years before the event prices were stable and in the 74 years after they went up 10X. How can you prove to me that it was the creation of the Fed in 1913 and not the sinking of the Titanic that actually caused higher realized inflation?
why not ask me to prove that it was not your great great grand mother o landing on ellis island was not the cause? is that logical? since the fed prints money it would be more reasonable to show the degree of correlation between growth of money supply since world war 2 and inflation.
The reason why supporters of the Fed want a full and thorough public audit is to finally stop the tin-foil hat theory. The most logical course of action would be to open the books and prove there is no "there" there. Napolitano on FOX News said that before the Fed, the value of the dollar rose 8%. After 1913, the value of the dollar dropped 92%. That's a big drop.
That is an interesting idea - that the Fed fulfills the wants of politicians to spend on whatever programs they want by providing money via inflation, which is really just a tax.