When I traveled in Mexico and the Caribbean many years ago, I always thought it interesting that the locals preferred U.S. dollars over their own local, hyper-inflationary currency. What goes around comes around, apparently, and now some New York businesses are posting signs proclaiming “euros accepted.” That’s the inevitable consequence of our insane monetary policy, which has debased our once strong currency.
I know I’d rather get paid in a currency that wasn’t constantly losing value. Maybe I can convince my employer to start paying me in gold bullion.