0 votes

Ron Paul 1, Prof Roach 0

Ron Paul guest hosted CNBC's Sqawk Box earlier this week. The whole thing was great watching and worth the time. At one point, Dr. Paul is debating with a guest, Yale Professor Stephen Roach (see video below beginning at 10:27). Dr. Paul claims that the dollar has lost 97% of its value since the Federal Reserve was established in 1913 and Professor Roach says that it is untrue and irresponsible of Dr. Paul to claim such a thing. Dr. Paul's example was the price of gold, which Professor Roach says is irrelevant. I decided to give Dr. Paul a little back-up. Check out this chart of general U.S. price levels from 1800 to 1999 and see for yourself. http://themonicaperezshow.com/2012/04/25/ron-paul-guest-host...

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Even the government's own BLS CPI inflation calculator

shows that $4.32 in 1913 has a purchasing power of $100.10 in 2012.


I think the Roach got squashed.