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Come back in 20 years and tell me what a paper dollar will buy, if it has not been replaced by an entirely new scrip by then.

Fine. I'll pick the goods and services, and prove to you that the dollar has GAINED purchasing power.

Oh that is slick. We can buy far more computing power now for a dollar than we could in 1970. Some would call that deflation, and I have a feeling that you would conveniently pick this sort of "good" or "service" to prove to me it was deflation the entire time. As it is with advances in computer technology, you can prove NOW that the dollar has gained purchasing power since 1970 and not wait 20 years.

I am thinking more along the lines of basic things like postage, a loaf of bread. A loaf of bread used to cost 8 cents. Now it is around $1.50 to $2.00. Same loaf. There was a time when you could buy a nice house from Sears for $6,000. Entry level houses in my area just touched $300,000.

Some sectors are deflating now, but years or decades hence, after numerous "stimulus" programs and continued deficit spending, the end result will be price inflation and destruction of the purchasing power of the paper dollar.