10-10-2021, 08:01 PM
(10-08-2021, 02:46 AM)ABNARTY Wrote: Good stuff. Thanks for posting.
Like the author, I find that level of economics confusing. I would like to see a graph (if it is even possible) of world economic metrics through history with the ebb and flow of central bank influence/authority.
Here is a chart showing the buying power of a dollar from 1799 to now:
![[Image: dotdash_Final_What_Impact_Does_Inflation...da2b10.jpg]](https://www.investopedia.com/thmb/8sHvlal_jfopWkGKvDanliZ867g=/1615x0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/dotdash_Final_What_Impact_Does_Inflation_Have_on_the_Dollar_Value_Today_Nov_2020-02-21a20b1953694d5b841cab9f87da2b10.jpg)
It is relatively flat until about 1914, then it begins to rise a bit, but around 1971, it takes off like a gasoline fire.
I got that image from this article
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Diogenes was eating bread and lentils for supper. He was seen by the philosopher Aristippus, who lived comfortably by flattering the king.
Said Aristippus, ‘If you would learn to be subservient to the king you would not have to live on lentils.’ Said Diogenes, ‘Learn to live on lentils and you will not have to be subservient to the king.’
Said Aristippus, ‘If you would learn to be subservient to the king you would not have to live on lentils.’ Said Diogenes, ‘Learn to live on lentils and you will not have to be subservient to the king.’