But who wants to? Being able to store value in the greenback for 100 years is not an economic goal that anyone cares about.
What we care about is have a stable currency that facilitates business decisions. We don't store wealth in currency. We store wealth in real assets, equities, etc.
From that standpoint, the paper money has dramatically outperformed the gold standard. Year to year variations in the CPI have been far smaller with paper money.
Only because of dervative type scams...there is no basis for the value or the growth in the value.
It could be argued that the housing crisis would not have happened if we still had a tangible value behind our money.
The reality is the Fed was the most stable when the gold standard was in place it has been since we have ditched the gold standard that things are getting wildly out of hand and the Fed is now forced to make drastic moves that will come back to bite us all.
In a sense the Fed today is only shifting the effects of one bubble to another bubble and there is no floor to fall back on and that is the achillies heal that we are facing and will pay the price for.
When the US dollar is no longer the reserve currency and that will probably happen in 2011 we will see the true value of your paper money and it won’t be good.
Somehow you think gold isn’t a real asset or are you saying real property assets?