Once it is understood how drastically the printing of money affects the world, it can be seen how the Federal Reserve System and the government can continuously manipulate the economy. With little affect on the wealthy, it is the majority of the people that is crippled by this system.
If the Fed prints more money and prices go up, this does not mean that wages go up. A great example would be the summer of 2008, when gas prices shot up and airlines could not easily buy fuel for the planes. Many major airline companies started laying off employees to offset the costs.
Fiat money is the current state of the US dollar. It's virtually worthless, aside from the people's faith in it. It's buying power has decreased tremendously over the years and this will just continue.
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