Governments constantly break the contracts they sign.
Take a look at the Maastricht Treaty and what it says about government debt in the European union. The government broke this treaty that was the basis for the union in the first place.
You say "Your recourse when somebody runs afoul of these rules is the courts". For an individual this is not a practical approach. An individual has no way to get back financial stability and to undo the excessive government debt and inflation.
The individual who held Euros throughout this process now holds way less buying power than someone who kept their assets out of the reach of governments.
Never forgetting the gold standard, that was just scandalous, against their own folk and allies. Not even against enemies, opinion or whatever geopolitical thing... not much margin here for flexible moral. They just do with us whatever they want, and forcing inflation onto the population is just as closed as evil an economy can be against the general interest of the whole population.
This is an ideological position. In reality, economies need money printing, although it comes with its own problems, must be carefully controlled, and since 1971 we have not yet learned the correct way to control it.
Take a look at the Maastricht Treaty and what it says about government debt in the European union. The government broke this treaty that was the basis for the union in the first place.
You say "Your recourse when somebody runs afoul of these rules is the courts". For an individual this is not a practical approach. An individual has no way to get back financial stability and to undo the excessive government debt and inflation.
The individual who held Euros throughout this process now holds way less buying power than someone who kept their assets out of the reach of governments.