Yes, that has worked well under the Federal Reserve System. My father bought a house in 1954 for $26,000. My ex-wife sold it in 1992 for $285,000. Trust me, the house didn’t get better by $259,000! So much for price stability. The Fed has been silently stealing money through inflation for over 100 years! Edit: Article 1, Section 8 of the US Constitution - The congress shall have the Power to coin money, regulate the value thereof, and of foreign coin, and fix the Standard of Weights and Measures. Congress abdicated this Power in 1913 with the passage of the Federal Reserve Act. So, what is a good dollar standard? Back to my original question, what happen to the value of federal reserve notes when fed economy ends?