Fiat Currency Revisited - Inflation

I mentioned fiat currency in my blog "Why I Oppose a Bail Out". The article below makes several good points on why printed, or fiat, money leads to inflation. In my opinion you should ignore the investment advice given, except for holding some gold if you are able, because the best thing to do is get out of the dollar all together.

http://www.moneyandmarkets.com/Issues.aspx?NewsletterEntryId=2368

Of course all currencies in the world are fiat currencies but the situation in the US leaves us almost no choice but to print enough money to buy our way out from under the huge debts we owe the rest of the world. Other countries will inflate but not even close to what we are going to see in the US.

For a really fun read on inflation and how it is created read Irwin Schiff's comic book story "The Kingdom of Moltz" that I posted in my "Basics" blog last week.