Barry Ritholtz, Columnist

Has the Dollar Really Lost 97 Percent of Its Value?

One of the favorite tropes of the âEnd the Fedâ crowd is the âfalling purchasing power of the US dollar.âÂ

November 19, 2013 at 6:12 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

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One of the favorite tropes of the "End the Fed" crowd is the "falling purchasing power of the U.S. dollar." Google that phrase, and you will be rewarded with 91,100,000 results. (drop the "U.S." and it doubles to 187,000,000 results).