What I don&#x27;t understand is the extent to which people are paranoid about inflation in Europe or the US. It&#x27;s low, stable, managed and not a problem unless you&#x27;re keeping very large amounts of money in accounts which offer inadequate interest. It seems to me that worrying about this or the FDR gold-confiscation collapse of the gold standard is not merely fighting the last war but analagous to hiding in the jungle and refusing to admit that the war on inflation is over.<p>Residents of e.g. Brazil and Argentina are entitled to a different opinion due to different history, but in those countries people sought hard currency .. the dollar.