Monetary inflation is always immoral.
Why can't I do for myself some "monetary policy"?
The Fed, and all central banks for that matter, are legalized counterfeiters. If M3 increases 10%, prices are not going to increase 10% all across the board. Whoever gets the newly printed money first benefits from it. It doesn't matter if if it's 3% or 10% per year, inflation redistributes wealth.
The dollar and all currencies should be backed by gold.
Inflation cannot occur in a truly free market economy.
I beg to differ with you.
Inflation cannot occur in a truly free market economy
Not true. It would be re-invented.
Have you read Ayn Rand's book Atlas Shrugged? The theory goes that in a truly free market, live is rugged, but all mankind roams free. Not true. People will band together to form a community. Once that community grows, rules and a central government get formed. And so on. I learned a great deal about the reality of free-market economics from pals who escaped to the commune lifestyles many years ago.
They became, over time, what they alleged they had left.
The Fed, and all central banks for that matter, are legalized counterfeiters
That certainly is a bold and assertive statement. If we all agreed to trade in elephants, assuredly that would make our government and its people "counterfeiters" as well. Fiat monies are created for very good reasons. Primitive cultures used shells or beads as currency. That's counterfeit, too.
What you are referring to the, is a real good for a real good.
Pretty rough to transport 500 oranges from your backyard in exchange for a ship.
Moving away from the gold standard was problematic.
And yes, I do agree with you that inflation is a "hidden" tax. Cut out social spending, and there will be no hidden tax. Get rid of a government and there will be tax. But will there be a civilization? No.