You obviously aren’t someone who is nearing retirement age, who has played by the rules, planned for your own retirement and see the very real possibility of that money being not worth the paper it’s printed on. If I were a 25 year old, it would be a different story. I guess if we plan to work at something until we are 80.....
Properly invested, it will be inflated
I’m actually retired and from a personal financial standpoint the idea of hyperinflation horrifies me.
However, I have land and if I really feel it’s necessary I can convert currency into a form of wealth store that can survive hyperinflation.
On a personal financial level I would stand to lose a hell of a lot in a hyperinflation scenario. Even if I could convert to all precious metals and land value would be lost. But when I was discussing hyperinflation I was not talking about what was good or bad for me personally. I was talking about the macroeconomic state of America as a whole and for America as a whole hyperinflation may represent the least bad option.
True, in a scenario of hyperinflation or currency overhaul those who were responsible and didn’t binge do get hurt and I probably stand to lose a lot more than the average American who fits this category. However, we currently have a labor oversupply, a capacity oversupply and as a nation we now have more in debts than we do in liabilities.
If we are headed for an economic malestrom anyway and the two choices are hyperinflation or deflation the United States would have a far better chance of surviving hyperinflation and a currency reset than it would surviving deflation with more than half the deeds in the country going underwater. And that might be the real choice the country faces. It’s unpleasant but its also the fault of the country as a whole for getting us there.