You will occasionally hear old-timers use the phrase "Cold, Hard Cash". This is clearly an expression of a bygone era as our cash no longer can be misconstrued as "hard" in any way. The fiat bugs (they call us gold bugs) have managed to destroy the currencies of the world by pegging them to the ever fluctuating index of bureaucratic whim.
"How can you say the dollar is weak?" people often ask me me, "After all, it is thumping the Euro (or the Peso or the Canadian dollar) this week." This would be like concluding that my nephew is getting shorter because my niece is going through a growth spurt. In order to draw meaningful conclusions about the value of cash or the heights of youngsters, we need a stable, standard reference.