9 Comments so far

1. Jeff Molby July 31, 2008 1:56 am

   I’m no fan of the Fed, but I couldn’t find a source for the estimates used in the chart. It’s pretty, but meaningless without a list of the assumptions used.

2. Francois Tremblay July 31, 2008 11:13 am

   Yea, this graph goes up to 2024, this is just not credible.

3. matt July 31, 2008 3:32 pm

   I don’t see the red line extending to the year 2024.

   The data is from here: http://www.minneapolisfed.org/Research/data/us/calc/hist1800.cfm

   The graph is from here:
   http://commons.wikimedia.org/wiki/Image:USACPI1800.svg

4. David Z July 31, 2008 5:58 pm

   I think Franc was J/K. I checked against a calculator available through EH.net and the results looked even worse, about 800, instead of 621.

5. Francois Tremblay August 1, 2008 1:20 pm

   I wasn’t joking. Why does the graph extend to 2024?

6. David Z August 1, 2008 2:32 pm

   Does it really matter that the scale on the X-axis goes to 2024? The data go to 2008…

7. Robert Evans August 2, 2008 2:02 pm

   In general, statistics demonstrating that there has been inflation do not convince anyone that anything is wrong, because public opinion normally holds that a low but constantly positive level of inflation is good for promoting growth. That’s the belief that needs to be changed. Otherwise, you’re just preaching to the choir.

8. Francois Tremblay August 26, 2008 1:12 pm

   If it extends to imaginary dates like 2024, then it’s not credible. Period.

9. no third solution » Blog Archive » Free Market Money December 3, 2008 11:42 pm

   [...] portion of the rise in prices is reflective of the greater supply of money? I’d reference the CPI from 1800-2007, paying particular attention to the last 100 years or so. Note the big spike when the Fed was [...]

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