Here is the annual percent change of inflation (CPI) in the Untied States from 1774 to 2007, which I graphed in my previous post, but this time I added historical events to the graph: Wars, Banking Panics, Pegging Paper Money to the Gold and Silver Standard, Establishment of the Federal Reserve and the US Mint.
{Click on the image to take a closer look}
Data from MeasuringWorth.org
[tags]United States, Inflation[/tags]
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Let’s see the one for Zimbabwe next (maybe for the last month).
as a bit of a history buff this is interesting to see the impact of different events and the corrections after the wars.
“as a bit of a history buff this is interesting to see the impact of different events and the corrections after the wars.”
Great observation, but that’s only because we won those wars. We’ve lost Iraq, and look at our economy now.
“We’ve lost Iraq”
Really? Pull your head out of your closed minded ass and look around. Iraq is not a Jeffersonian democracy with equality for all and a free market economy but it certainly is better off now than at anytime in the last 100 years.
This is where the image of Inflation Annual Percent Change 1774 – 2007 is embedded with an article from http://www.bloomberg.com/apps/news?pid=newsarchive&sid=avgZDYM6mTFA
about U.S.Inflation To Approach Zimbabwe Level
Zimbabwe’s inflation rate reached 231 million percent in July of 2008, the last annual rate published by the statistics office of Zimbabwe Government.
http://www.perfecteconomy.com/f/viewtopic.php?f=80&t=696
Could VisualizingEconomics provide such an image of 231 Million Percent inflation rate?
Perfect Economy is void of inflation, speculation, deflation for it does not take into economic equation charge on debt. You pay back what You borrow no more.
“While 12,000 homes a day continue to go into foreclosure, mathematically perfected economyâ„¢ would re-finance a $100,000 home with a hundred-year lifespan at the overall rate of $1,000 per year or $83.33 per month. Without costing us anything, we would immediately become as much as 12 times as liquid on present revenue. Transitioning to MPEâ„¢ would apply all payments already made against existent debt toward principal. Many of us would be debt free. There would be no housing crisis, no credit crisis. Unlimited funding would immediately be available to sustain all the industry we are capable of.
There is no other solution. Regulation can only temper an inherently terminal process.”mm
Medium of exchange, i.e., the currency in circulation should not belong to a fiat-monopoly but the owners of medium of exchange should be We the People, ceteris paribus.
P.S. As exteriorized by bailouts the lender of last resort is not the Fed as it claims to be but We the Taxpayers are. See if VisualizingEconomics could visualize Perfect Economy & create an Image of it for all of us to see it.