"Rogoff noted that since the Fed was created, prices have skyrocketed 30-fold, or 3,000%! This data confirms Murray Rothbard’s contention that the Fed was created to remove the barriers to inflation, not to control it.
Despite the fact that the Fed engineered all of this inflation, caused the Great Depression and failed to regulate the mortgage banks prior to the 2008 crisis, all of the panelists gave high marks to the Fed!While Skousen's observation about the Fed, Inflation, Rothbard's insight, and the downright ignorance of modern economists is interesting, what is even more notable is the shape of the Consumer Price Index graph that Skousen has posted. The CPI graph has a parabolic shape to it. Historical graphical pattern research of markets suggests that when a graph has gone parabolic, it is nearing its entropy stage. Graphical pattern analysis implies, that the CPI is going to enter into a sustained decline in the not too distant future - systemic monetary deflation is hiding around the corner.
Caveat financial speculante.
Read Skousen's entire post here.