Yes...No. Let me say that i wish i had a million dollars that was worth every penny. Right now, the very dollars in your pocket are only worth 4 damned cents. Yep, that's it. Four. Cents.
This question made me think of something i read from Murray Rothbard.
Here goes:
"people will almost always say, if asked, that they want as much money as they can get! But what they really want is not more units of money--more gold ounces or "dollars"--but more effective units, i.e., greater command of goods and services bought by money. We have seen that society cannot satisfy its demand for more money by increasing it's supply--for an increased supply will simply dilute the effectiveness of each ounce, and the money will be no more really plentiful than before. People's standard of living (except in the nonmonetary uses of gold) cannot increase by mining for more gold. If people want more effective gold ounces in their cash balances, they can get them only through a fall in prices and a rise in the effectiveness of each ounce."
I love the Austrians! They are always right.
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