Inflation destroys the wealth of people who save. Saving in a negligent-inflation economy is the only true way to acquire wealth and pass to children. The Gold Standard stops inflation in it's tracks, preserving wealth of the poor, and increases the size of the middle class. It's levels out the prices and wages to eliminate much poverty driven by market dynamics.
"Economic growth" is a red herring meant to hide the theft by the Federal Reserve. Notice how national and personal debt keeps going up inline with "economic growth"? That's because modern "economic growth" is based on how much is spent via debt financing and market valuation (via injection of dollars into the system by the Federal Reserve), and not true profits.
Order of importance:
Inflation destroys the wealth of people who save. Saving in a negligent-inflation economy is the only true way to acquire wealth and pass to children. The Gold Standard stops inflation in it's tracks, preserving wealth of the poor, and increases the size of the middle class. It's levels out the prices and wages to eliminate much poverty driven by market dynamics.
"Economic growth" is a red herring meant to hide the theft by the Federal Reserve. Notice how national and personal debt keeps going up inline with "economic growth"? That's because modern "economic growth" is based on how much is spent via debt financing and market valuation (via injection of dollars into the system by the Federal Reserve), and not true profits.