explain

>It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system.

>The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law

Was Woodrow Wilson the goodest goy of all time?

The middle class in American came into being during the first half of the 20th century. Wealthier people earn more and buy more, leading to inflation as the economy grows and the Federal Reserve expands the money supply.

>>2580835
>The middle class in American came into being during the first half of the 20th century.

uhh there was a middle class before then

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But what about our freedom to become market slaves?

>>2580783
>plotting exponential data on a linear graph

Absolutely disgusting.

>>2580783
Inflation

Can someone give me a quick rundown why the federal reserve is so hated and distrusted? Is it because it's semi private? Is it because it prints money? What are the alternatives to it?

>>2581713
>Can someone give me a quick rundown why the federal reserve is so hated and distrusted?

It's not.

Post discarded

>>2581713
Da joos
Unironically

>>2580874
When did the whole libertarian=an cap meme start?

>>2581776
When libertarism start

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>>2580783
Increases in aggregate demand. While there was a middle class prior to this time period, the 20th century saw the rise of mass consumerism in the United States. The monetary base increases matched population growth and suited demand.

This also doesn't accurately chart the Great Depression, in which the monetary base contracted by 1/3 according to Milton Friedman and Anna Schwartz's analyses.

Now, as we see an increase race to the bottom with cheap labor in emerging markets reducing the costs of most goods in the CPI, deflation is a much bigger threat than hyperinflation.

Panic of 1893 was pretty shitty before. It's not like a high valued currency equals prosperity and, in the case of the Great Depression, it's actually pretty harmful.

>looking at total price index
>not looking at year-over-year data

>>2580783
>stable inflation
Literally nothing wrong

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>>2580783
>literally nothing happens after the creation of the Fed
>still marked by a line on the graph
>exponential growth after 1980
>nothing marked

>>2582624
>after 1980

1966*

>>2580783
>>2582990
>>2582624

1971

>https://en.wikipedia.org/wiki/Nixon_shock