No one denies this.
no matter how many dollars you have they are worth less.
Each dollar is worth less.
You are confusing PERSONAL purchasing power with the Dollar's purchasing power.
No I'm not.
Are you asserting the above statement is NOT true?
When I said, "You bet", that was me agreeing with you.
Which has what to do with the valuation of the dollar?
You said "any asset that is valued in Dollars suffers the same loss"
My oil stocks are priced in dollars but would increase in price if inflation allows them to sell their oil for more dollars. When I sell my $100 in stock next year for $101, you can see that my asset "that is valued in Dollars" did not suffer the same loss.
OK these must be special dollars you exchanged your stocks for. Let us test the premise.
Back to our example of the tank of gas. Will your dollars change the equation of $40 Bucks for one tank of gas for 2010 and $40.40 for one tank of gas for 2011 (with regards to 1% inflation)?
Further if you have a job that pays you 40K a year in 2010 and the same in 2011 and you have no other income or investments and inflation increases 1% across the board will you have more or less purchasing power? Will you be able to get the same amount of gas, food etc. you did last year using the same amount of dollars?
Notice the above question require Yes or No answers.