Currency is the blood of the economic body.

Whether metal, mineral, paper or electronic, currencies have always been the the common intermediate product by which workers exchange their goods and services. In order to keep their work time value current, currency quantities should increase in parallel to the economic body's growth so as to avoid anemia (deflation) and hypertension (inflation).

The original reason in 1913 for the Fedral Reserve System was introduce an alternative to gold and silver which could not be mined fast enough to keep up with economic growth. As a result trade was suffering and sluggish from a lack of a common intermediate product. Federal Reserve notes provided the "liquidity" to facilitate economic activity.

Timism recognizes that the creation of--currencies--should be like blood in a growing human body. As the economic body grows, more economic blood needs to be added to avoid anemia (deflation). If too much blood is added,  hypertension results (inflation). Central bank monetary policies do not begin with this simple understanding. They accept some hypertension as being normal. As one economists said, "A little inflation is like being a little bit pregnant."

Since it's 1913 inception, the US Federal reserve has allowed inflation that reduce the worktime value (buying power) of a dollar. The Fed is comforable with its 2% inflation rate which steals at least 72 seconds of your workhour savings every year. The buying power of the dollar has dropped to 1.5% of its original 1913 buying power.

Translated into buying the time of others, the Fed has stolen 3546 seconds out of 3600 seconds in an hour. Today's dollar is worth only 154 seconds instead of the original 3600 seconds.