[somenameforme]

Hahah, I can see you now furiously searching for 'wtfhappenedin1971 debunked.' Of course there is no debunking it as the site's just a collection of data, primarily from the US government. The data just happens to be quite inconvenient for pro inflation economic arguments.

I actually used to be of the same mindset as yourself, but it increasingly seems to me that the general preference for inflation based economics is much more of a status quo bias than something as strongly supported by data as one would think. There's also a simple logical problem you run into. When you give government the power to freely print infinite money, who do you think they're going to disproportionately direct that money towards?

Recent times actually provide one of the clear illustrations of the problem. Mega corporations take on multi billion dollar contracts from the government at way beyond market rate markups, then the moment the economic weather shifts even slightly they start large layoffs. The reason is not because the integrity of the company is threatened or anything of the sort, but simply to continue maximizing value for shareholders. It's not hard to see how with monopoly money economics you start an exponential increase in many things, like income inequality.