[xrange]

>government's ability to simply print money and create out of control inflation, which has actually happened many times.

...I suppose that it doesn't even have to be out-of-control for it to have a fairly dramatic effect...

http://observationsandnotes.blogspot.com/2011/04/100-year-de...

[maratd]

See that wonderful spike upward in the chart you're quoting? That would be the Great Depression.

I assure you, inflation is the lesser of two evils. Deflation is much, much worse.