What caused inflation before 1913 when the FED was created? Or did it exist?

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Apr 9, 2024
6:07:54pm

Wife_Apologist 3rd String

What caused inflation before 1913 when the FED was created? Or did it exist?

Inflation

In economics, inflation is a general increase in the prices of goods and services in an economy. This is usually measured using the consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction...

https://en.m.wikipedia.org/wiki/Inflation#:~:text=of%20the%2021st-,Overview,as%20a%20means%20of%20payment

This message has been modified

Originally posted on Apr 9, 2024 at 6:07:54pm

Message modified by Wife_Apologist on Apr 9, 2024 at 6:11:17pm

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Wife_Apologist

Bio page: Wife_Apologist
Joined: Jul 19, 2023
Last login: Sep 7, 2024
Total posts: 2,120 (11 FO)

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Messages

Author

Time

The economy is thriving!

maxpowers

Apr 9, 4:55pm

When you calculate inflation with meaningless metrics, inflation is low.

Shore10

Apr 9, 4:57pm

Bidenomics is the term they like to use

Magneto

Apr 9, 4:58pm

It's not going to go away anytime soon, IMO

Jericho

Apr 9, 5:02pm

That's the million dollar question right now. Do we want 5 more years of 3% inflation or a recession?

CSoul

Apr 9, 5:10pm

I think it's stagflation for many years to come. Nothing is allowed to fail now.

Shore10

Apr 9, 5:17pm

Except for the fact that the economy is growing, sure.

DubuMfalme

Apr 9, 5:30pm

Yes. All these layoffs and revenue decreases are screaming growth.

Shore10

Apr 9, 5:34pm

It's like you're totally unaware of how economic growth is calculated.

DubuMfalme

Apr 9, 5:52pm

It's like you're totally unaware of how the CPI is manipulated.

Shore10

Apr 9, 5:56pm

I thought we were talking about economic growth. You said stagflation.

DubuMfalme

Apr 9, 6:04pm

You realize it's almost impossible to be considered unemployed right?

Shore10

Apr 9, 6:16pm

Thanks Don for your part in artificially and juicing the wealth growth and

Apr 9, 6:03pm

I agree. And now it's being accelerated by Biden.

Shore10

Apr 9, 6:18pm

That's always been the relationship to purchasing power vs inflation though. That's not different today vs before.

CSoul

Apr 9, 5:08pm

They lie about the actual inflation numbers

Gente_Boa

Apr 9, 5:12pm

Maybe just maybe inflation is a function of capital markets

Apr 9, 5:46pm

Or maybe it's an out of control central bank and federal government.

Shore10

Apr 9, 6:03pm

What caused inflation before 1913 when the FED was created? Or did it exist?

Apr 9, 6:07pm

But money supply!

Apr 9, 5:28pm

The actual figure is the average family has 17% less spending power since 2021

futbalmaven

Apr 9, 10:22pm

Joe Biden...

BYU Grounds

Apr 12, 9:28am

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