I Went to a Hockey Game and the Gold Standard Broke Out

August 31st, 2014
in econ_news, syndication

Chart of the Week 28 August 2014

Written by , Online Trading Academy

The 70-year history of inflation reminds me of a hockey stick, with the blade close to the "ice" until about 1970 and the stick handle rising sharply since then. Before 1970 the quantity of money was constrained most of the time by a metallic standard and, in general, prices remained relatively flat or went lower as productivity improved. Since 1970 the quantity of money has not been so constrained and the purchasing power of each unit (dollar) has been rapidly decreased.

History and cause of inflation is discussed in the video following the Read more >> jump.
cpi-1950-2014-380x240

Follow up:

Source: YouTube










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.















 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved