[natenthe]

Fed went on the gold standard in 1970.

I never characterized the Fed as an "evil puppet master" - that is an exaggeration. However, the Fed is certainly responsible for wealth inequality. It's a simple concept that is 100% backed by the financial and socioeconomic data:

- Rich people (small percent of population, i.e. "the 1%") own the vast majority of assets

- Fed is pumping massive amount of money into financial markets, which pumps up asset prices artificially

- Cost of living sky-rockets since the rich use their increased net worth to buy more assets, causing housing prices and other assets to skyrocket

- Purchasing power of the dollar to buy assets is severely decreased. Wages are stagnant but assets have skyrocketed. This causes feedback loops where the poor / middle-class don't have money to buy assets and the rich keep getting more money to buy more assets, hence runaway wealth inequality and social unrest.

No reason to have so much contempt against this argument. It's based on the evidence.