That's conflating a lot based upon the gold standard -- which most serious economists think should have been removed (including the freshwater ones). Also just

That's conflating a lot based upon the gold standard -- which most serious economists think should have been removed (including the freshwater ones). Also just look at wild swings of inflation before and after the gold standard if you think it was better then. https://www.macrotrends.net/2497/historical-inflation-rate-by-year https://www.macrotrends.net/2497/historical-inflation-rate-b... The true cause is that demand for labor in US has never been as high as WWII -- which created the middle class. Automation, offshoring, are both major contributors to the lack of middle class labor demand. Further, God didn't file gold under America, so we'd no longer be in control of the value of the currency.