Wednesday, January 23, 2013
Bloomberg: Is Inflation the Legacy of the Federal Reserve?
Inflation is Fed's 100 year legacy.
Behold the chart that, in a more just and sane world, would force Bernanke and Krugman to retire and drive the Fed out of business. Consumer prices are now 30 times higher than when the Fed was created in 1913.
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Link to video at Bloomberg in case Youtube clip gets pulled...
Jan. 17 (Bloomberg) -- In today's "Single Best Chart," Bloomberg's Scarlet Fu displays how inflation has increased in the 100 years since the creation of the Federal Reserve.
Here's the truth:
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