Draining the Dollar

There are things we won't recall
And feelings we'll never find
It's taken so long to see it
'Cause we never seemed to have the time
--Phil Collins

Another portrayal of the decline in purchasing power of the US dollar--this one indexed to the passage of the Mint Act of 1792.

As previously observed, save for periods of war when currencies are always debased by warring regimes, the value of the dollar remained stable, and sometimes even exceeded the original $1.00 worth of purchasing power for its first century or so of existence.

Then came a stream of institutions and policies, such as the Federal Reserve and detachment of the USD from gold, aimed at inflating away the currency's value.

Thus, here we are today, with tha original 1792 dollar now worth about 7 cents.

position in gold