The Story of Money: 16--Price Stability: Goal of the Fed

Section 16: Price stability: Goal of the Fed Previous Section | Main Menu
The Fed was founded in response to recurring banking problems, but the Fed’s mission has now expanded into fostering a healthy economy. By focusing on price stability, the Fed can create an environment in which the economy can grow at a sustainable rate.
Inflation is the worst enemy of a stable economy
100 quintillion pengo, Hungary, 1946
100 quintillion pengö, Hungary, 1946
10 million pengo, Hungary, 1945
10 million pengö, Hungary, 1945
2,000 yuan, China, 1942
2,000 yuan, China, 1942
one million yuan, China, 1949
One million yuan, China, 1949
1,000 won, Korea
1,000 won, Korea
50,000 marks, Poland, 1922
50,000 marks, Poland, 1922
100,000 rubles, Russia, 1921
100,000 rubles, Russia, 1921
five groszy, Poland, 1924
100,000 drachmas, Greece, 1944
five million drachmas, Greece, 1944
Five million drachmas, Greece, 1944
one shilling, Austria, 1924
One shilling, Austria, 1924
three million marks, Germany, October 11, 1922
Three million marks, Germany, October 11, 1922
1,000 rubles, Russia, 1919
1,000 rubles, Russia, 1919
10,000 kronen, Austria, November 2, 1918
10,000 kronen, Austria, November 2, 1918
five groszy, Poland, 1924
Five groszy, Poland, 1924