Friday, January 25, 2008

Why Fiat Currency Is Practically Worthless

Found the following graph on the Mises.org blog . It pretty telling to see how our currency has rapidly declined since Nixon severed all ties to a real asset - gold - and left the management of the currency entirely to the central bank - the Federal Reserve.



Yeah... we need to restore our currency to a position of stability. How can we reasonably talk about economic problems when the Federal Reserve is wreaking havoc?

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