More $, the Value of a Dollar

This is from Lew Rockwell's site. Inflation caused from printing more money,it's a hidden tax. This is a plainly worded column explaining how it happens. It is another component to the economic hangover that is coming to America. This is also why our dollar keeps dropping in value against other currencys.

Dishonest Scales
by Larry L. Beane II

A crooked merchant can use dishonest scales as a way to steal from the customer. If the sign says that a pound of Cajun pastrami sells for $9.99 per pound, you expect to get 16 avoirdupois ounces for ten bucks. But what if the merchant is clever and rigs the scale to read a full pound at only 15.5 ounces? That's not a lot to shave off, but like the urban legend of the computer programmer that rolls additional fractions of cents into his own bank account, when multiplied over thousands of transactions, that's a lot of money stolen. And what's to stop the merchant from lulling people into slowly changing the scales a little at a time, year after year, so that, say in 50 years, your "pound" of meat is really only 8 ounces? If it's done slowly enough, you won't even notice...

From 1790–1913, the United States dollar was constant. It was tied to gold and/or silver. A dollar bought pretty much the same thing for Thomas Jefferson as it did for Teddy Roosevelt. A careful look at inflation rates from 1790–1913 shows some minor fluctuation, but for the most part, a 1913 dollar was the same as an 1850 dollar, and was the same as a 1790 dollar....

So, why was there no inflation (devaluation) of the currency until 1913? That's the year the United States created a central bank. The Constitution makes no provision for the Federal government to do any such thing, and the Constitution even specifies that money must be backed by gold and silver. But, of course, the folks that tell us the Constitution is a "living document" will tell us that the dollar simply must be "flexible" (while the same people would never in a thousand years propose a "flexible" foot, pound, or gallon to shrink over the course of time)....
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