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<p>[QUOTE="physics-fan3.14, post: 2377240, member: 19165"]I think I misinterpreted what you were saying here.</p><p><br /></p><p><br /></p><p><br /></p><p>I thought you were comparing hard money to fiat money (where there have been numerous periods of rampant inflation around the world - Germany, Zimbabwe, etc.). It sounds like you were instead comparing "the rest of the world" to "the US" - in which case, I agree that, while the US has experienced periods of inflation, it does not compare to some of the other periods of history.</p><p><br /></p><p>I would be interested to see a chart that went back further, however. There weren't a whole lot of gold rushes in the 20th century, and the establishment of the federal reserve to control the currency supply has (with the exception of a couple of spectacular failures), generally done a good job. The US experienced more significant inflation in the first half of our country's history.[/QUOTE]</p><p><br /></p>
[QUOTE="physics-fan3.14, post: 2377240, member: 19165"]I think I misinterpreted what you were saying here. I thought you were comparing hard money to fiat money (where there have been numerous periods of rampant inflation around the world - Germany, Zimbabwe, etc.). It sounds like you were instead comparing "the rest of the world" to "the US" - in which case, I agree that, while the US has experienced periods of inflation, it does not compare to some of the other periods of history. I would be interested to see a chart that went back further, however. There weren't a whole lot of gold rushes in the 20th century, and the establishment of the federal reserve to control the currency supply has (with the exception of a couple of spectacular failures), generally done a good job. The US experienced more significant inflation in the first half of our country's history.[/QUOTE]
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