Inflation, for example, did not exist for the first 125 years of the Republic. The purchasing power of $1.00 in 1789 had declined so slightly by1913 that a consumer would need $1.08 to buy the same things. But during the last century, while the Federal Reserve System was exercising its powers over our money supply, the amount of money needed to buy what cost $1.08 in 1913 had risen to over $25.00 -- or, in other words, one dollar in 1913 is worth only about four cents in 2013.
Read more: http://www.americanthinker.com/2013/12/the_federal_reserves_century_of_failure.html#ixzz2npIiuzCz
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