@Mek101 @LukeAlmighty i have lived in a high inflationary environment all my life and it is much worse than people imagine. Not only it reduces your purchasing power of your existing savings, you enter a higher salary bracket meaning higher taxes which were meant for the rich but now apply to the poor as well. You have to buy the same goods at a much higher price meaning higher sales taxes. Your home becomes worth a lot more fiat meaning higher property taxes. Stock market goes way up and so do the taxes on the gains. At the end you loose on income, loose on savings, loose on investments, loose on expenses. There is just no way out.
Gold standard kept this under control as the annual inflation would be approx 2% max in line with gold's stock to flow.