[Jonty30]

To be clear, my question is along the lines of the fantasical idea of having politicians that really wanted to do best for the country and not line their pockets with millions of dollars.

[sockmonkey]

Plain old iceberg lettuce was $3.00 a head here yesterday. Dollar value is dropping.

[amorphous]

Devaluing the dollar would mean those services the government purchases would rise in cost, offsetting any benefit in paying off debt because the government would necessarily need to borrow even more.

Our current economic system represents an existential threat to all of humanity. Only a slow, well-thought-out transition to a different monetary system (for example, precious metals, some form of cryptocurrency, etc.) stands any chance of avoiding a complete worldwide collapse of the current system.

This problem-solving isn't going to happen given our current leaders or history as our guide.

The best option then would be the government getting out of the money business entirely and allowing people to develop new exchange methods on their own.

Full disclosure: I fell asleep in every economics class I ever attended and I own precious metals, cryptocurrency, and hold cash in reserve.

[fhayek]

I am not sure that money works that way. I am pretty sure that it doesn’t. My operating theory is that the value of money comes from the bottom up, not the top down. You cannot just arbitrarily say that money is worth this or that. The people in the economy make that determination. You start f#cking with it like you describe, and people will flee from your currency like rats from a burning ship.