| | You know, this is an old problem, with an old solution. You can try to change the system, or you can protect yourself.
Good, moderate growth-oriented inflation is a modest 3% per year... which means that over the course of 20 years, your money loses about half of its value. Where's the surprise?
We are talking now about a mere tripling of the money supply over the course of 30 or 40 months. The arithmetic still points to the road to safety.
Myself, I throw nickels into a jar: 75% copper; 25% nickel and still illegal to export or melt. Always worth 5 cents. Other people like 1964 Kennedy Halves. Some prefer Austrian 4-ducat restrikes.
I'll tell you one thing, though, under Ceaucescu, Romania had no foreign debt and no national debt. They paid for everything with taxation ... and when communism fell, he was the only guy they hauled out and shot. So, myself, I don't see us ever paying for any of this, actually, not in the usual sense, anyway...
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