Remember the good old days when gasoline only cost $1.50/gallon way back in the ancient times of 2000? Why does it cost more than double that today ($3.71)? A gallon of gas is still a gallon of gas, so it seems obvious that the dollar has lost value.
This rapid devaluation of the U.S. dollar makes it an unstable medium of exchange and certainly not a goodstore of value – two aspects considered to be the main functions of money. This has led many to examine the flaws of the current monetary system and search for possible alternatives. Continue reading