[A CA Guy]

No instead they destroyed most saved personal wealth with near zero interest rates.

[Persephone Kore]

I'm opposed to the Fed's setting of interest rates; centralized economies, even in part, don't work well. And there are many other socialist-light aspects of our economy. But still, these days there's a broader recognition of the benefits of a market economy than we have had since the time of FDR.

Again, Richard Nixon, a Republican who was regarded as quite conservative at the time, decreed a general wage-price freeze (by executive order). Not even Democrats try to do that today.

The US has moved well to the right on economics over the past 40 years.