We got skyrocketing wealth inequality solely due to the breakdown in the value of the dollar after it became unlinked in 1971 and with the Fed system becoming a

We got skyrocketing wealth inequality solely due to the breakdown in the value of the dollar after it became unlinked in 1971 and with the Fed system becoming an asset inflation device for people with capital. Take a look at any commodity priced in dollars after 1971, as though wages were going to keep up with that dramatic real inflation. Just try keeping up with even 3% inflation if you're a median wage worker. Meanwhile, the rich can easily beat that inflation and move their capital around pursuing higher returns. Inflation massacres workers over time. If you have 0% inflation, and your wages go up 3% per year, you can make some real progress in a society over 20 years. If you've got even just 2% inflation, and 1% net real wage gains, you're going to struggle to get anywhere once recessionary set-backs are accounted for. While that 2%-3% inflation is eating your wage growth and pushing up consumer prices, it's also rapidly destroying the real value of your primary middle class asset: your house. The Fed loves persistent inflation because it debases the national debt, which is drowning the US Government. It's terrible for the average person.