| You can do that with Gold. Yes, we had gold as a monetary standard for quite some time. 1) Currency is not supposed to be a hard store of value. It's there to grease the economy, not for you to hold large quantities. If you want to store value there are plenty of ways to do that. Money is supposed to be sound. Your notion that currency should not be a hard store of value is a new one, an idea created to support fiat. From first principles, money is a store of energy (creative work, physical work), which is then utilized for efficient exchange of goods and services. Money is not a tool for "greasing the economy", this was only possible when governments confiscated gold and declared all money to be paper that they controlled. Furthermore, buying stocks/houses/gold etc. is indeed a way of escaping USD into assets. However, someone else has to be willing to take that USD. It will still exist, and whoever holds it will be losing value over time. It is a problem when your base asset becomes toxic and no one wants it. 2) Inflexible currency i.e. 'hard money' makes no sense, and that's why nobody uses it. We used gold and other rare metals for thousands of years. It was literally the global standard for trade. 3) You say 'inflation is coming' - well if we have such bad currency, why hasn't inflation already taken root in the last 20 years? It really has not. The USD's buying power has fallen dramatically over time. Inflation has been very visible in home prices and stock prices. https://howmuch.net/articles/rise-and-fall-dollar |