Monday, August 10, 2009

U.S. Price Levels: Only One Way To Go In The Long Run

by: Michael Panzner

Nothing says the dollar has only one way to go in the long run (hint: it’s not up) like this oldie-but-goody graph of U.S. price levels from 1665 to 2013 (estimated) by Robert C. Sahr, Associate Professor of Political Science at Oregon State University:

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