Let me just recount the last 3 days of your "hard money arguments" here on Slashdot, for everyone's education and amusement:
You lied about US purchasing power.
You lied about 19th century US economics.
You lied about taxation levels of the country you supposedly live in.
You lied about 19th century depressions.
You lied about the current level of inflation.
You lied about the consumer price index.
That's just the first 6 lies of yours I found interesting enough to counter - there's many more.
But instead of trying to prove your viewpoint fairly, instead of working to remove your
stigma of a serial liar you come up with yet another new lie?
if measured in coffee, the value of USD decreased at the lows by 76%.
Oh, now we at last learn about the big underlying concept of your ideology,
you re-defined everyday purchasing power to mean the price of 37,500
pounds of raw coffee bean standard contracts and the price of
troy ounces of gold?
So out of tens of thousands of products and services that shape our everyday life
whose average price influences our purchasing power you managed to pick the
two (raw, unprocessed, with no labor costs included) luxory commodities that have
experienced the largest bubbles in recent history?
Wow! :-)
How about the price that impacts most families in the most direct way: the price
of rent (or the price of acquiring a new house)? How about the price of of a loaf
of bread, which has remained virtually unchanged despite a huge increase in grain
prices due to the record hot weather in 2010? How about the price of a car and
the cost of a haircut?
These are the various everyday living cost components that modern price indices
weigh and which influences purchasing power, and yes, the price of coffee is a small part of
it as well, but not just the price of the raw beans, but the price of a
finished coffee product such as a cup of coffee, which has various
types of labor and service costs included ...
If you do that, you get nuanced inflation metrics like this one - which not only
shows how moderate inflation is at the moment but also shows how the US was (and still is)
flirting with dangerous deflation territory ...
Not the 76% big lie you are trying to tell us here.