[dollarbull]

All your sophistry belong to us:

You don't think the Fed has control over the money supply, do you? You don't think the Fed has control over interest rates, do you?

The fed has complete control over M1, and decreasing but significant control over the other forms credit money. The Fed is attempting to control interest rates by buying up bonds of all types. This will work in the short run only

Your hard earned dollars are worth more than they were last year, even after the money supply increased. How is that possible?

Those that are educated in history and economics (not you?) will understand that the cause and effect between increasing the supply of fiat money and the corresponding decrease of its value does not happen simultaneously and it doesn't happen consistently against all goods. Gold is a good proxy however for what's happening to the value of the dollar.

Are all your assets in gold?

Irrelevant

When you go to the gas station or grocery store, how do you pay for your purchase?

Irrelevant and stupid. When you go to the gas station can you pay with Japenese Yen? Can you pay with Treasury bonds? Can you pay with a 1 year bank CD? No. But all those are forms of money like gold is. None are currency within the borders of the US.

[Toddsterpatriot]

The fed has complete control over M1, and decreasing but significant control over the other forms credit money.

Excellent!

The Fed is attempting to control interest rates

Exactly! They can't control interest rates.

Those that are educated in history and economics (not you?) will understand that the cause and effect between increasing the supply of fiat money and the corresponding decrease of its value does not happen simultaneously

Really? If you double the money supply you don't instantly double prices?

Gold is a good proxy however for what's happening to the value of the dollar.

The Fed doubled their balance sheet and gold didn't double.

When you go to the gas station or grocery store, how do you pay for your purchase?

Irrelevant and stupid. When you go to the gas station can you pay with Japenese Yen?

I'm not suggesting Yen should circulate along side the dollar. Aren't you arguing gold should circulate along side the dollar?