“We are not on the gold standard and the world is just effin fine.”
Sure, sure. Wages have stagnated for almost 50 years and meanwhile we have endlessly increasing government debt and federal spending, and the government propping up the stock market by pumping money into it so the rest of the economy doesn’t crash. Doing just effin fine.
Indeed since the 70s purchasing power has collapsed.
If you want to barter in gold, I am sure some retailers will accept it. Have at it.
Wages didn’t stagnate because of coming off the gold standard. Wages stagnated because in the 1960’s we lowered our import tariffs and we saw jobs start going overseas.
We haven’t fixed that problem yet. Trump understands it. Nobody else in Congress does, or they’ve all sold out to foreign interests. Not sure which. Probably both.
Wages haven’t kept up because the Federal Reserve, the government, the media, and academia all blame inflation on rising wages.