One thing that I find amazing was that between the year the US constitution was written in 1787 and the year 1913, although there were periods of inflation and deflation within, the purchasing power of the US dollar stayed roughly the same during this 126 year time period.

We were effectively on a gold standard during that time, but then something changed.

#WhatHappenedIn1913 

 1913, the fed.

1971, Nixon.