Your Dirty Fed at work

This from a USC fundraising letter:

Notice the price inflation in everyday items during the last 51 years that the Fed has been pretending to support "price stability." 1000% to 1300% inflation in less than one lifetime. You call that price stability?

And if you think that's bad, look at the one item on the list that's now financed largely by the consumer debt that the Dirty Fed loves to encourage: college tuition. 4,230% inflation!!!

Anyone who can look at this and still defend the existence of the Dirty Fed needs to have his head examined.

UPDATE: Skeptical CPA has an expanded list of items from that era with similar inflation.


Pasadena Closet Conservative said...

It's incredible, isn't it?

John Enright said...

"Stability" in a steadily upward direction, apparently.

Anonymous said...

It unfairly places young people in terrible circumstances and with crushing debts before they ever get out of the gate. It is criminal to do that to people, especially young people who haven't "been around the block". As far as I'm concerned, when the younger generation comes around and "throws the older one under the bus" my thought is going to be Newton's third law, payback's a bitch, what goes around eventually comes around, etc., etc. One day, they are going to be calling the shots and they are going to balance their own budgets on the backs of the older generation. As far as I'm concerned, it couldn't happen to a more deserving group of asshats.


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