Yup. That’s why I don’t see a Trump presidency as a cure all.
Our problem (and it is international) is beyond a human solution.
What used to restrict the growth of the money supply was the gold standard. I remember some claiming that Paul Volcker was targeting the gold price when he was Fed chairman. If true, that only lasted as long as Volcker was in charge.
The main reason that we abandoned the post-WWII Bretton Woods monetary regime was due to our decision to use the dollar as the world’s reserve currency. This resulted in more dollars being held overseas than we had gold to back them up- the ‘Triffin Dilemma’. Keynes, who was part of the group that designed Bretton Woods, warned that this would happen and that something other than the dollar should be the reserve currency... he called it the bancor which may be something like the 70’s era SDR, ‘Special Drawing Rights’.