: Need your thoughts.
I have been looking at some date and since you got a maritime master’s (a business degree) from a great school, I want to get your assessment of what going on in our economy and the current and future impacts.
Take a look at this chart from FRED,
Consumer Price Index for All Urban Consumers: Purchasing Power of the Consumer Dollar in U.S. City Average (CUUR0000SA0R) | FRED | St. Louis Fed (stlouisfed.org) (Links to an external site.)
I have also been plotting some important economic historical dates on this chart.
*When the Federal Reserve was created. (Is this a government entity? and what do they do?)
*The year FDR confiscated Gold.
*Bretton Woods (what is this again)
*Going off the Gold Standard (Can you buy a Fiat car with fiat currency?)
*Quantitative easing (QE). There have been several rounds of QE going back to the housing bubble, but I am looking at QE now.
*Money Printing over time
*Wonder what the commercial interest rate looks like over the same period?
What do you think it means for business in the next 5 years?
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