The Federal Reserve
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  Talk Elections
  General Politics
  Economics (Moderator: Torie)
  The Federal Reserve		 « previous next »
Pages: 1 [2]
Poll
Question: What is your opinion of the Federal Reserve?
#1
Very Favorable		  
#2
Favorable		  
#3
Mixed		  
#4
Unfavorable		  
#5
Very Unfavorable		  
#6
What the hell is the Federal Reserve?		  
Show Pie Chart
Partisan results
Total Voters: 24

Author Topic: The Federal Reserve  (Read 2574 times)
A18
Atlas Star
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Posts: 23,794
Political Matrix
E: 9.23, S: -6.35

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« Reply #25 on: December 10, 2004, 03:23:29 PM »
All I get is a blank page.
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David S
Junior Chimp
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Posts: 5,250


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« Reply #26 on: December 10, 2004, 03:36:44 PM »

Sounds like operator error to me. Let me give you a verbal description.
In 1665 the price level was 5.
In 1765 it was 5.
In 1845 it was 5.
In 1865 it rose to 10 due to civil war spending.
by 1905 it was 5 again.
After 1933 the pricel level heads up like a rocket.
So during the time when the country used mainly precious metal currency, price levels remained stable except for brief periods of inflation during wars. After we abandoned gold prices took off.
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A18
Atlas Star
*****
Posts: 23,794
Political Matrix
E: 9.23, S: -6.35

Show only this user's posts in this thread
« Reply #27 on: December 10, 2004, 03:39:29 PM »
More gold was introduced over time.
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