[quote=markmax33]I think if you care about your kids you should care about the next 100 years of our currency. I think if you talk about 5 year or 10 year expectations and ignore that history shows every fiat currency fails you are setting up unreasonable expectations for your kids. I’m not calling you a bad parent as 99% of America probably haven’t looked at fiat currencies.[/quote]
Just so you know – I’m a marginal fan of Ron Paul. I understand and agree with everything you say about FIAT currencies. Love the gold standard. I understand that more money means a devalued currency.
However, the tie between the current increase in money supply and “exploding inflation” has not been made due to other circumstances you are ignoring. Econ prof argued it fairly well.
I have no decisions to make regarding hyperinflation right now. It isn’t impending and it isn’t looming. When it looms, I have the wherewithal to adjust my portfolio as necessary. Currently, it is not necessary.
Being correct now about an event that happens in 50 years is not worth much to me.
Making a call for an event to happen sooner when it actually happens later is called “being wrong.”
And, if you offer no timeline, you can never be right or wrong, though I guess you can somehow still be “credible”.
