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"Give me control of a nation's money supply, and I care not who makes its laws."
-Mayer Rothchild
I just don't get this for the life of me. Since the 70's when the US delinked the dollar from gold, financialization has been rampant, the price of everything has gone skype high, and income inequality has been an increasing problem. I mean increasing the money supply helps the rich via the Cantillon Effect, and yet no one wants to get to the root of the issue, that being fiat money. I am not saying outsourcing or automation has not harmed any workers, but fiat money exacerbates this by creating cash out of thin air, buying the goods with this newly created funds, and sending it overseas without having to engage in any production. However, no one, Democrat or Republican (and even independents, but some may know better) call this out. If you ever bring it up, people are just like oh yeah, and gloss over it. It is frustrating as it seems like the evidence points to it, but people would rather patch it with legislation. Any thoughts on this?
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