The dollar has been amazingly stable over the last 50 years.
Outside of the last year, we haven’t broken the feds 2% inflation target for the majority of the last decade. Further, we haven’t experienced high inflation for the vast majority of of time that we’ve been off of the gold standard. Yet, the crypto maximalists run around like the US is Zimbabwe.
The dollars you made in the beginning of your career, 50 years ago, would be quite few relatively. Every year you can buy a little less for it. So you need to work twice for your money, once to acquire it and once more to keep its value by investing or w/e scheme you come up with. Stable, possibly. Good for the common man? Disagree.
Outside of the last year, we haven’t broken the feds 2% inflation target for the majority of the last decade. Further, we haven’t experienced high inflation for the vast majority of of time that we’ve been off of the gold standard. Yet, the crypto maximalists run around like the US is Zimbabwe.