American policy makers understand that the world is awash in an oversupply of dollars and that the central banks are the black hole in which excess dollars are kept. The central bankers know that they are holding currency that is declining in value by the second, and they are holding onto a hope that the American policy makers will wake up and try to right a wrong.

Because the dollar is used as legal tender throughout the commercial world, it has a competitive advantage over other economies that cannot use their currency to buy what they need.

The question is if American policy makers tried to place controls over the production of dollars then will our economy lose it competitive advantage? How will our economy function is a restrictive currency environment? Is buying gold a correct response?