The US dollar has lost 99% of its purchasing power since the creation of the Federal Reserve. The minimum wage in the US in 1964 was $1.25/hour. Notably those

The US dollar has lost 99% of its purchasing power since the creation of the Federal Reserve. The minimum wage in the US in 1964 was $1.25/hour. Notably those five quarters were 90% silver worth about $20 US today. The British Pound Sterling originally referred to £1 being exchangeable for 1 pound of sterling silver or 1/270th of it’s original value. It’s technically true that they haven’t gone to literally zero, but I would hazard to say it is close enough.