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77steel

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77steel

Re: gldtimer post# 4489

Tuesday, 01/23/2018 2:52:46 PM

Tuesday, January 23, 2018 2:52:46 PM

Post# of 4668
Gld, Monetarism, as you know Formulated by Milton Friedman, argues that excessive expansion of the money supply is inherently inflationary, and that monetary authorities should focus solely on maintaining price stability.
My question here is: after $4.5 trillion of QE can we determine the debasement value of the dollar in percentage terms? So, if the dollar has lost 97% of its value since 1913, what has been the additional erosion since the Fed began QE in 2008?
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