Sunday, August 9, 2009

Price Levels and Official Inflation (1665 - present)

Robert C. Sahr, from Oregon State, has compiled some interesting data on price levels and inflation over almost three-and-a-half centuries. This puts into perspective the claim by Fed officials that an audit might hamper the Fed's effort to fight inflation; as it's clear they've done a bang-up job since 1913(and especially after the de-linkage of gold in 1971).