Hyperinflation is that transition period when a paper money is clearly failing as a store of value but has not yet died as a medium of exchange. This blog is to look at this and any other interesting economic issues. Vincent Cate
Wednesday, November 20, 2013
How could they not expect inflation?
Some day in the future people will look back on our time and graphs like this and wonder in amazement, "How could they not expect inflation?".
I see "Federal Reserve at St.Louis".
ReplyDeleteIs this the same Fed as in America ? I thought the real Fed is located in New York City.
This is one of the 12 banks covering the 12 different districts they broke the USA into.
Deletehttp://en.wikipedia.org/wiki/Federal_Reserve_System