by Mark Nestmann, Nestmann:

We periodically read missives to the effect that “the dollar is doomed.” And we’ve been reading them for many years.

Consider this newsletter promotion from 1985. The headline was a lot like those we see today: “Get Your Dollars Out of the USA Before Uncle Sam Gets Them Out of You.” The copy predicted an imminent collapse in the US dollar’s value, along with hyperinflation.