What Has Caused the Debasement of the U.S. Dollar?

Since 1913, the dollar has lost nearly 90% of its value, as measured in terms of the Swiss Franc, and the purchasing power of that dollar has collapsed, as measured by the CPI.  Why?  The significance of 1913 was the creation of the Federal Reserve System.  The significance of 1971 was when President Nixon took the nation off the gold standard.  Up until 1971, the growth of the money supply (creation of dollars in circulation) was directly tied to the amount of gold that the U.S. held.  In other words, the gold standard was a constraint on our central banker, Fed, to create dollars.  The only way that more dollars could be created was by having more gold.  Today, the Fed has no constraint on its ability to create dollars.  It's monetary policy of QEs has enlarged it balance sheet by close to $4 trillion.  That is, the creation of money out of thin air!  The consequences of such actions were for the dollar's value to plummet against the Swiss Franc and the destruction of the purchasing power of the U.S. dollar.