Many things go into price. Supply, demand, quality, quantity. But the value of the medium of exchange should remain the same over space and time. Something that the Federal Reserve’s notes haven’t done, despite their supposed mission, or half of it, anyways.
It’s hard to measure, price, something when the measuring units are changed all the time.
You bet.
But the value of the medium of exchange should remain the same over space and time.
That would be a neat trick.
Something that the Federal Reserve’s notes haven’t done
Apparently, according to your chart, gold hasn't either.