With no gold standard the sky is the limit and print away they will. Something is being devalued and it is anything that is close to cash. Zimbabwe has a dilemma that people who were secure with good pensions and cash in the bank now have to rely on handouts as what they had is now absolutely worthless. US currency is useful there now and even if houses have lost value, more thanks to other reasons, it still is a house that provides shelter.
That essential use remains whereas cash, share certificates, et al are worthless. I believe I was one of the first billionaires on HC as I have a 500 billion Zimbabwe note in my top drawer.Totally worthless. At one time , about 30 years ago the Zim currency was higher than the South African currency which in turn was higher than the Oz currency. Now it is worthless. However real estate there will have gone down but its usefullness remains and in time will regain its true value. As for the other assets based on fiat currency - worthless for ever.
