Another failure of government, or is it planned? The Federal Reserve, a privately owned institution with WAY more power than the United States constituency should allow it, has the primary purpose of protecting the value of our currency, the U.S. Dollar. How they doin’? Quick visual report card: You decide. My vote? To quote Donald [...]
dollar devaluation's tag archives
Yes, Currency Debasement DOES Matter
Posted by Roger in June 17th 2009
I think currency debasement is much like the frog getting slowly cooked in the kettle, you just don’t seem to notice the effects. My thanks to Ed Steer over at Casey’s Daily Resource Plus for the following two pictures of a 1929 postcard. Look what a few dollars would buy in car parts and labor [...]
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