Comment: Fox News

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Fox News

"But the dollar is up against the Euro." The Euro is a fiat currency. It doesn't matter, the value of all fiat currencies has declined. The purchasing power of the US Dollar in 1913 was $0.99. The purchasing power of the dollar today is $0.04. Do we have to wonder why gas and food prices have increased?

To purchase a $1.00 item in 1913, now takes $23.37.

The annual rate of inflation change? 2236.5%

http://www.usinflationcalculator.com/