How do we deal with the inflation crisis?

[Donald Trump 2016 !]

1. Convince the Fed to stop printing money.

2. Balance our budget IMMEDIATELY.

3. Back to Gold standard.

4. DEFLATION PARADISE!

[Donald Trump 2016 !]

But guys what if





Fiat Money doesn't exist

We should let the individual states print money. Worked well in the articles of Confederation. Back when America was truly libertarian.

[Donald Trump 2016 !]

Nah, but for real, I would institute Nominal GDP targeting because no one is even taking the current thing seriously, least of all the Fed.

How would Nominal GDP targeting be able to effectively target dramatic supply shifts though? (whether it's the negative kind such as the late 70's oil embargo, or the positive kind of the 90's tech boom)

You know, situations that create either high unemployment/high inflation (70's) or low unemployment/low inflation (90's)