Absolute Failure of The Federal Reserve in One Chart

Notice that things were much more stable before the Federal Reserve?

For more than a century from 1800 to 1913 consumer prices in the US were relatively stable. But since the creation of the Federal Reserve in 1913, its monetary policies increased the CPI by 27.5X, destroying more than 96% of the US dollar's value in the process. @stevenfhayward pic.twitter.com/sJ3XVk3xp7

— Mark J. Perry (@Mark_J_Perry) November 27, 2022