Is inflation actually the rise in proces of goods and services as it is taught in school?
I once read a quote that kept ringing in my mind, it says “Give me control of a nation’s money supply, and I care not who makes its laws…”
These words were said by Mayer Rothschild, one of the group of people that I like to call “the founding fathers of Corporate America”.
The explanation for this topic is very simple, since 1913 (year the Federal Reserve of the USA was approved in Congress, the USD has an acumulated inflation rate of 2085.2%, this means that an item in 1913 that costed $1 dollar, today would cost more or less… hmmm $21.85 dollars.
Yes, you don’t need to be a genious to know that the value of our money depends on how much of it is in circulation, but who decides this and why? well, that’s the whole point of the topic.