Comment Re:Cant be worse (Score 1) 351
Yes, well, insofar as the US Government promises not to substantially manipulate the dollar, the dollar is stable. Insofar as they don't, the value of the dollar falls relative to other, more trustworthy currencies (and commodities) and people demand higher interest for government bonds, loans, and similar instruments, to compensate for the decaying value of the dollar.
(Of course, some "manipulation" is necessary to match fluctuations in the overall state of the economy and achieve a stable dollar. But even in ancient economies with commodity money, persistent deflation and monetary shocks were reasonably common.)