An economist points out DC's goal of 3% annual inflation means every 10 years you automatically lose over 30% of your purchasing power.

It doesn't have to be like this. Looking at all of human history, it is not normal to carry around pieces of paperized cloth and call it money.

Your grandfathers (and for some even their fathers) carried around actual money in their pocket, either dollars redeemable for gold or silver coins. During most of US history it was obvious that the power to "coin Money" described in the US Constitution literally meant gold and silver were to be used as the nation's money.

Goldbacks recapture a bit of that period of normalcy, allowing one to carry around small bits of gold for the express purpose of buying everyday items.

https://www.zerohedge.com/personal-finance/why-us-citizens-should-not-accept-3-inflation