Submitted by: Debbie Beatty
Historic Inflations Rate in America from 1665 -2013 Click Here
You will notice that the inflation rate was almost non-existent from 1789 until 1913. Since the passage of the Federal Reserve Act see how well inflation has been kept under control. Then ask yourself if the Federal Reserve has been a blessing or a curse.
Another primary factors contributing to inflation is fractional reserve banking. More government spending has lead to more borrowing and higher taxes which all have a negative effect on the Gross National Product.Either Congress is incredibly stupid or they are secret agents of the bankers that get them elected.