The US Government effectively made all currencies fiat by ending gold convertibility of the Bretton Woods agreement. Severing the last remaining link to gold a

The US Government effectively made all currencies fiat by ending gold convertibility of the Bretton Woods agreement. Severing the last remaining link to gold allowed all governments to pursue the same inflationary policy for political gain. So, all governments are doing the same wealth transfer because they are run by humans with similar incentives and the US Government destroyed the leash. The fix isn't to add more bandages over the wound. It is to repair the wound by putting government spending back on a leash.