11-29-2016, 08:33 AM
The only issue I have with the dollar is that the Fed can create new ones devaluing the ones in my pocket without giving me the realized inflation protection due on the notes in my pocket. Now truth be told if you went back to a gold standard we'd blow the economy up because you'd see that your FRN is nearly worthless. No more 90" TVs on black friday for $1k. No new cars for $25k. No new houses for $250k. The economy would come to an absolute standstill overnight which is why its not going to happen until we have a currency crisis.
Contrary to a yard or ounce you cannot change the length of a yard or the weight of an ounce.