Barry Ritholtz, Columnist

Has the Dollar Really Lost 97 Percent of Its Value?

One of the favorite tropes of the “End the Fed” crowd is the “falling purchasing power of the US dollar.” 
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One of the favorite tropes of the "End the Fed" crowd is the "falling purchasing power of the U.S. dollar." Google that phrase, and you will be rewarded with 91,100,000 results. (drop the "U.S." and it doubles to 187,000,000 results).