It would probably be pretty interesting to keep track of any correction using adjusted dollars. That way we can keep track of how much of the correction is from price changes and how much due to inflation.
What bothers me about devaluating the dollar to avoid the nominal price correction is that everyone ends up paying for the mistakes of the foolish/greedy, and encourages and enables them to do it again. They made their mistakes, why should the rest of us have to pay for it?
