Below is the youtube video of Ron Paul guest hosting on 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 (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.
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