I always like finding new ways to look at numbers when it comes to personal finances (yes, I’m a geek in that way). It was with this in mind that I read an article over at Mises.org about how the expansion of monetary policy has had a significant impact on the prices that we pay today:
…the expanding money supply over the last 46 years has resulted in a current price level over 34 times higher than it otherwise would have been.
Let’s put this in everyday terms. Suppose these estimates represent the changes in the prices of goods such as hamburgers, cars, and housing. According to these numbers, a hamburger that cost 60¢ in 1959 would have cost $4 in 2005. If the money supp