| Since the gold standard was removed from currency issuance, the fiat currency that is currently in circulation is no longer exchangeable for any tangible asset or commodity but is instead backed by a guarantee that the government is “good for it” via its taxing authority and/or other means. Therefore, currency transition to “legal tender” or fiat currency renders money in circulation with no intrinsic value beyond the word of its issuer, thus allowing the issuer to create money at will. |
There's an inclination on the part of people to blame the producers of products—the butcher, the baker, and the gasoline maker—but that's actually very silly, insofar as these people create real wealth.
They're fighting the effects of government inflation, which doesn't create anything but fiat currency and fiat credit, which is what actually takes the prices higher. Inflation of the currency, which is to say an increase in the amount of purchasing media above the increase in real wealth. It's what inflation is all about; it's the State subtly stealing capital and wealth from individuals.
The big problem with the depreciation of the dollar is that producers are blamed for being the problem. They're the solution to the problem in 
that they create real wealth. The real enemy here is the State and its central bank, the Fed.
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El plan Milei, basado en recortes de gasto, desregulación y atracción de inversión internacional, está sorprendiendo a los mercados. Aunque la economía real sigue sufriendo con intensidad esta política (es el coste de corto plazo), la economía financiera está despertando con más intensidad de lo esperado. El último dato que ha impulsado el precio de los bonos argentinos en los mercados fue el de inflación. El IPC publicado el pasado viernes arrojó que la inflación mensual en Argentina ha caído por fin por debajo del 4%, lo que fue acogido con gran entusiasmo entre los inversores.