he “Federal Reserve” surprisingly tells the public how it changes the monetary base. The Ludwig Von Mises Institute blog cobbled together data from three Fed charts to create a history of the monetary base starting in 1919. The chart shows a gradual increase in the monetary base until the government went off what was left of the gold standard in 1970 and the base begins to increase dramatically, finally skyrocketing during the past two years. One comment to the blog describes the change to the base as the intentional destruction of our currency.
- 10% annual rate of inflation
- Mexican peso declines 33%