Depends on what this new dollar is worth. It could go down if the new dollar is = 10,000 current dollars. But this is whats happening. 100 years ago 2 gold coins bought you a healthy horse, 2 gold coins 100 years ago were worth $50. Now to buy a healthy horse will cost you around $3,000 which is still 2 gold coins. The value of a horse and the value of the gold coin didnt change in terms of each other, but their value in fiat currency has hyperinflated due to the stealth tax called inflation.
Depends on what this new dollar is worth. It could go down if the new dollar is = 10,000 current dollars. But this is whats happening. 100 years ago 2 gold coins bought you a healthy horse, 2 gold coins 100 years ago were worth $50. Now to buy a healthy horse will cost you around $3,000 which is still 2 gold coins. The value of a horse and the value of the gold coin didnt change in terms of each other, but their value in fiat currency has hyperinflated due to the stealth tax called inflation.