The Federal Reserve Shrinking Dollar !
201 views · Published 23 December 2017 · 2:02 · Indexed 4 November 2026
Channel: Possumkicker · 2017 · People & Blogs
Many often ask why government’s don’t print more money to deal with the problem of National debt. The reason is that printing more money doesn’t increase economic output in any way – it merely causes inflation. U.S. Inflation Rate, 1860-2017 ($1) According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 2.15% per year. Prices in 2017 are 2717.0% higher than prices in 1860. In other words, $1 in the year 1860 is equivalent to $28.17 in 2017, a difference of $27.17 over 157 years. The current inflation rate in 2017 is 1.99%1. If this number holds, $1 today will be equivalent to $1.02 next year.
More from this channel
-
6:06
Northwestern High School: 15 Year Reunion - Class of 1976
-
1:17
Max: The Original Bicycle Riding Dog.
-
4:25
Karate Martial Arts Wooster / Orrville / West Salem / Wayne County Ohio.
-
2:30
Mark Gibson Travels / Wooster / West Salem / Congress Ohio
-
0:10
Obama's Green Car for 2012
-
1:09
Crazy Times with the Congress Kids West Salem, Ohio Northwestern 1973 8mm
-
0:31
Congress, Ohio Garver's Pond Construction at 40 acres. 8mm 1973
-
3:10
Halloween Costume Contest Freedlander Park Wooster, Ohio USA 1994