Let's debate inflation

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fractional reserve banking

Definition

A banking system in which only a fraction of the total deposits managed by a bank must be kept in reserve. The amount of the deposits equals the amount of the reserves times the deposit multiplier. In the U.S., this system is maintained by the Federal Reserve Board.

http://video.google.com/videoplay?docid=-4...7002553&q=mises

[Tigermike 3,054]

My checking account balances. check

My savings accounts all balance. check

My retirement accounts all balance. check

[Bottomfeeder 244]

How about the real value of you assets? Are they in U.S. Dollar terms or not?