BrunoT

What Inflation Looks Like In Real Life

Much of the comment here is wishful thinking passing as fact. When the dollar drops you will, like the author says, want gold or silver instead. Hegemony be damned, when you can't pay your bills as a nation you print money and when you print money you debase it. Fact of life.

As for the difficulty of "making change" with gold, please try to keep up. One doesn't have to shave off bits of physical gold from a bar to pay the grocer. We already have credit cards and debit card technology. You'll just deposit your gold with a bank and 'gold grams" will be debited as required to pay your bills. GOLD WILL BECOME A COMPETING CURRENCY. (unless the govn't seizes it to prevent the competition)

Some people here need to go take a beginner course on what money was, is, and always will be. It's a medium of exchange, store of value, that's all. Any form you can print and make easily will of course eventually fail. It's too tempting to make your own money to pay your national bills with instead of raising taxes.