When my father could buy a new Buick for $2000 in the ‘50s and our new brick custom home cost $25,000, I have seen in my lifetime the drastic devaluation of the dollar. One can only guess how many tens of thousands of shrinking dollars my grandchildren will have to spend to buy their cars and homes.
the 1973 Nixon decision to exit the partial gold backed currency and allow infinite money expansion led to a flat or small loss of wage/purchasing power of most wage earners since 1974
It will be Zim dollar inflation when the Chinese move most trade to the Yuan.