Since the creation of the Federal Reserve in 1913, the Fed has destroyed 96.7% of the purchasing power (value) of the US Dollar through its expansionary monetary policy. One US Dollar in 1913 is worth only 3.26 cents today.

Since the creation of the Federal Reserve in 1913, the Fed has destroyed 96.7% of the purchasing power (value) of the US Dollar through its expansionary monetary policy. One US Dollar in 1913 is worth only 3.26 cents today. pic.twitter.com/ch5cqFGYMv

— Mark J. Perry (@Mark_J_Perry) March 20, 2024