Via Michael Krieger of Liberty Blitzkrieg blog ,
As is clear by this chart, inflation was virtually unheard of until the Creature from Jekyll Island  (the Federal Reserve) took over. However, more importantly, things didn’t really start to get bad until the 1970?s right after Nixon took the nation off the gold standard  in 1971. Since that time, America has seen a period of non-existent real wage growth  and a huge gap grow between the rich and the poor ever since. Nothing like livin’ the debt slave dream!