While not hyperinflating, the slow and insidious diminishment of the fiat US Dollar’s purchasing power (and thus the living standards of lower- and middle-class Americans – who are not balls deep invested in the US stock ‘market’) is nowhere more evident than in the soaring costs of Thanksgiving Day dinner during the Fed’s 100 year reign…

 

In 1909… Thanksgiving Day Dinner cost $0.50…

 

In 2014… Thanksgiving Day Dinner costs $30.00

This works out at 3.98% annual inflation rate – almost double the Fed’s proposed price stability optimum of 2%… over a century…

Be careful what inflation you wish for.


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