Quote from: EarnOnVictor on Today at 10:07:52 AM

Lol...the FED is formidable indeed and I love the way it has maintained the status of the largest central bank in the world, kudos to the brilliance of the founder and the subsequent chairmen, these guys have done wonderful work and they all deserve respect and accolades. It is not easy for anyone to handle the affair of the USD shouldering the burden of all the paired assets against it and still continue to stand strong and tall, despite all circumstances.

It's clear you don't like the FED, but all countries have their central banks and I wonder how an economy would be without them. It is now left to how good the apex bank is to its core responsibilities.

Housing
1880s - $500–$2,000 in smaller towns, or around $5,000–$10,000 in larger cities.
2024: The average in the U.S. is $375,000.

Automobiles
1920: The Model T Ford sold for $260–$850, depending on the year.
2024: The average new car costs approximately $48,000

Food
1880s - Bread: 5–10 cents per loaf.
2024 - Bread: $3–$5 per loaf.

And all this in the face of the industrial revolution and the multiple increase in machine efficiency. The opposite is natural (price decrease).

You say that every country has a central bank. There are also pickpockets and bribe-takers in each of them. This is not an argument for it being a good thing.