@Beachslim7 True. Is that relevant to the topic at hand? If so, how?

@Beachslim7 I thought you were talking about the current high inflation.
The gradual expansion of the money supply actually began right after World War II
With memories of the Great Depression still fresh, the main priority was to keep unemployment low, which they did by expanding the money supply, which pumped up the economy by devaluing the currency.
Done gradually, inflation was kept acceptably low.
This worked well enough until a series of shocks to this post-war financial system (Bretton Woods) began, starting with
The Vietnam War, and
Lyndon Johnson's Great Society.
This led to inflation and lessened the value of U.S. dollars held by foreign banks, which in turn led to a run on U.S. gold reserves.
Running low on gold, Richard Nixon was forced to take the U.S. off the Gold Standard in 1971.
To win reelection, he goosed the economy with another flood of cheap money, and put in place wage and price controls, creating widespread shortages.
But an artificial spike in prosperity worked.
Then the OPEC oil embargo, in 1973
renewed rampant inflation, worsened by another oil embargo in 1979.which rose every year into the early 1980s.
Since then, the dollar was devalued by 32% from 1985-1995, and another 31% from 2002-2011.

The deficits we're racking up now are happening because the Republicans not only refuse to tax the rich and corporations, they also have, beginning with Barack Obama, refused to work with Democrats by accepting higher taxes in exchange for limits on spending.

@Beachslim7 I thought myself it was too much. I wanted Biden because hey, I'm a super-liberal Democrat and if that Covid money would've gone to something worthwhile, like the BBB, I would thought 'grest,' but amount in cash payments ? Way too much, but what really hit were Nixon's policies. But Breton Wood itself was flawed for making the U.S. dollar the world's reserve currency redeemable by gold, making us responsible for the bad fiscal behavior of foreign countries

@Beachslim7 That's b/c the middle class, terrified of not being able to sustain their meger level of comfort, allow the wealthy to not pay for national maintenance. When the wealthy complain, and threaten to take away the jobs which create the company's product/profits, the middle class gets nervous and agrees that the wealthy have more need of that money. We will pay for everything and buy their weapons to kill each other with, further devaluing our little bit of power, so that our money keeps their economy flowing like blood. Then we wonder why we are no longer a wealthy nation with little ability to sustain a downfall. I think that's amusing but I've been unemployed for two years, almost entirely off the social grid, and living on savings. Not a single government program outside the V.A. Hospital (but I also worked for that) to sustain me. Friendships and careful, minimalistic, existence alone have worked. Life is joyful if one makes it so.

@Beachslim7 They have income that's mostly called Capital Gains and pay much smaller amounts of tax on it. Those people they hire are making the product which gives them the ability to only claim Capital Gains as income. Without that product they would be the piss-ants they view us workers as being. Hiring people for self benefit should not excuse them from their national defense and social net responsibilities, which includes taxes.