What "trials and tribulations" are you talking about?
I said "Whatever trials and tribulations might have resulted from using gold and silver..." By this I mean financial panics, deflation, fluctuation in commodity prices, and probably a return to the old banking rule never to loan money with real estate collateral.
The current world wide monetary system cannot continue indefinitely. Money creation would have to "go to infinity" or a serious depression created.
The M3 money supply series has, curiously, been discontinued. Nonetheless what is available is interesting.
The M2 money supply, likewise,
The current world wide monetary system cannot continue indefinitely.
--and in just 6 billion years the sun will explode and destroy all life on the earth. Nothing lasts forever.
Just like usefulness of the m3. The m3 stopped growing for a while in the '90's and inflation stayed as it was. It soared in the late '90s and inflation stayed where it was some more.
Maybe you want your tax dollars to be spent tracking the M3 but let me keep mine for something useful, like tracking soaring private wealth.