Eric Fry (in 2011)

For nearly 100 years, the Fed has presided over the debasement of the US dollar. Despite all the meetings, pronouncements, Congressional testimonies and Ivy League theories, the Fed has achieved only one verifiable result: It has converted a 5-cent Coca-cola into a $1 Coca-cola. In other words, the dollar has forfeited about 95% of its value since the Fed came into existence in 1913.