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<a href="http://www.accessmylibrary.com/coms2/summary_0286-38082484_ITM" title="Facts and information about How the monetary mayhem began: the Federal Reserve has inflicted a century of financial havoc on Americans. Looking at how this came to pass reveals who desires this state of affairs and how they profit from it.(HISTORY--PAST AND PERSPECTIVE)">How the monetary mayhem began: the Federal Reserve has inflicted a century of financial havoc on Americans. Looking at how this came to pass reveals who desires this state of affairs and how they profit from it.(HISTORY--PAST AND PERSPECTIVE)</a>
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How the monetary mayhem began: the Federal Reserve has inflicted a century of financial havoc on Americans. Looking at how this came to pass reveals who desires this state of affairs and how they profit from it.(HISTORY--PAST AND PERSPECTIVE)
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Nearly all Americans know they are plagued by inflation. In 1962, a postage stamp cost four cents, a candy bar a nickel, a movie ticket 50 cents, and a pair of tennis shoes $5. A new imported Renault automobile cost $1,395, annual tuition at Harvard was $1,520, and the average cost of a new house $12,500. Over the last century, a dollar's purchasing power has declined over 95 percent--i.e., it won't buy what a nickel did in 1909.
What causes inflation? The public hears various explanations from the establishment media--that oil's rising cost causes inflation, since nearly all industry sectors use it; or that inflation is the fault ...
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