Therefore, one can conclude, from an American economic historical study, something very bad and damaging is laying siege upon the United States.
 Jim Huntzinger, 2016, Deflation: The Road to Prosperity, (Indianapolis, IN: Lean Frontiers, Inc.).
 Factors of Production are land, labor, capital and technology.
 Jesus Huerta de Soto, June 22, 2012, “An Austrian Defense of the Euro,” Mises Daily, (Auburn, AL: Ludwig von Mises Institute), [http://mises.org/daily/6069/An-Austrian-Defense-of-the-Euro]. Quote of Walter Block from Walter Block, 1999, “The Gold Standard: A Critique of Friedman, Mundell, Hayek and Greenspan from the Free Enterprise Perspective,” Managerial Finance Vol. 25, No. 5, pp. 15-33, from p. 21.
 Murray N. Rothbard, 2008 (originally published in 1963), America’s Great Depression, (Auburn, AL: Ludwig von Mises Institute), p. 229.
 Patrick Newman, December 5, 2015, “The Depression of 1920-1921: A Credit Induced Boom and a Market Based Recovery?” Review of Austrian Economics, Forthcoming, p. 5 and 2 respectively, [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2624357].
 The 16th Amendment was ratified on February 3, 1913. After over 3 years of ratification beginning with Alabama on August 10, 1909 and being ratified by Delaware on February 3, 1913.
 The Federal Reserve was created on December 23, 1913 with the enactment of the Federal Reserve Act.
 This means prices are stable overall – at the aggregate level – but not necessarily for a specific product or industry segment. Of course, prices of specific products and services will fluctuate according to supply and demand; this is, due to natural market forces. New product introductions, productivity improvements, discovery of natural resource deposits, and other market dynamics impact the costs, but the overall or aggregate costs in the economy remains stable or decreases.
 The Revolutionary War (1776-1783), War of 1812 (1812-1814), and Civil War (1861-1865).
 Dan Mitchell, July 14, 2012, “Why Western Europe Became Rich in the Past…and How it Can Regain Prosperity Today,” International Liberty, [http://danieljmitchell.wordpress.com/2012/07/14/why-western-europe-became-rich-in-the-past-and-how-it-can-regain-prosperity-today/], see graph, Burden of Government Used to be Small.