Posted by Bret4207 on January 12, 2018 at 08:15:13 from (64.19.90.196):
In Reply to: $11 minimum ? posted by Spook on January 11, 2018 at 11:58:23:
Quoting Removed, click Modern View to see
It's a heck of a lot more complex than that. And there most certainly was inflation prior to the formation of the Fed (look at the chart provided- http://www.24hgold.com/english/contributor.aspx?article=4269461978G10020&contributor=Tim+Iacono ) There were many examples of both inflation and deflation prior to the creation of the Fed, some inflation rates in excess of 10% per year. I'm no fan of the Fed, but the gold and silver standards tie the economic hands of a nation. That being said, the relatively vast amounts of currency in circulation to days do effectively lower the value of the dollar, of that there is no doubt. But there isn't enough physical gold in the world to allow us to go back to the gold standard even if we owned every ounce of it. Yeah, I'd like to see the Fed audited and I'd like to see some oversight, but there is good in the system too.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Choosin, Mounting and Using a Bush Hog Type Mower - by Francis Robinson. Looking around at my new neighbors, most of whom are city raised and have recently acquired their first mini-farms of five to fifteen acres and also from reading questions ask at various discussion sites on the web it is frighteningly apparent that a great many guys (and a few gals) are learning by trial and error and mostly error how to use a very dangerous piece of farm equipment. It is also very apparent that these folks are getting a lot of very poor and often very dangerous advice fro
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.