A Proposed Method of Eliminating Inflation

Inflation is the steady increase in the price of goods and services resulting from the progressive devaluation of the currency. People are negatively impacted by inflation due to the sustained erosion of the purchasing power of their savings over time. In addition, the uncertainty regarding the future rate of inflation complicates financial planning. Fortunately, there is a very simple way to eliminate inflation.

Back the Currency

Any commodity having intrinsic value can be used to back the currency, although some are more suitable…