The Federal Reserve at 113: Inflation, QE, and Monetary Policy Failures
sys_clairinv2026-05-26T14:44:40+01:00The Federal Reserve turns 113 this year — and its track record is more complicated than most people realize. From Stability to Inflation Here's what the history books often leave out: Before 1913, the U.S. had virtually no inflation outside of wartime. The purchasing power of $1 in 1900 was roughly equal to that of [...]