Prior to 1913 we didn't have a central bank and debt backed currency.

It's all related

Not to mention billions in corporate and agriculture "support".

The Progressive doctrine led to all of this. Should be the nations goal to turn itself away from the progressive ideology. Good luck.....

sherman silver purchase act

I believe the monetary system is irrelevant when people want to increase the money supply.

This was on my news feed this morning,,,

From 1879 to 1914, America experienced the most spectacular economic boom in human history. Real wages doubled. Industrial production exploded 4x. Population grew from 50 million to 100 million while living standards soared across every income level.

The dollar stayed rock-solid because it meant something: 1/20th of an ounce of gold. Prices fell gently year after year (about 1% annually) as productivity gains got passed to consumers instead of getting inflated away. You could save money under your mattress and actually get richer. Wild concept.

Stable money creates long-term thinking. When money holds its value, entrepreneurs build for the long term instead of financial engineering their way to next quarter's earnings. When central banks can't print their way out of every problem, governments actually have to balance budgets. Powell would've lasted about six months in 1895.

From 1879 to 1914, America experienced the most spectacular economic boom in human history. Real wages doubled. Industrial production exploded 4x. Population grew from 50 million to 100 million while living standards soared across every income level.

Showed also the value of establishing an immigration policy.

Bryce

True, but the immigrants then were different than the immigrants of today. My grandparent immigrants came to America believing if you worked hard, you could earn a decent living, and they wanted to assimilate as an American. They weren't given free medical, free housing, etc. All the free stuff we are seeing today. They weren't expecting and never received the handouts many of today's immigrants are receiving.

Immigration was a positive,,,and still could be today

Unfortunately, the toe was dipped into socialism

Vote buying became extremely productive and popular with politicians

Eventually the bills must be paid

Current immigration policy will probably be counter productive. There has to be a better policy than super restrictive and super loose. America needs population growth in order to have workers who pay the bills in order to support all the true american retired baby boomers.

If we keep inflation high the boomers will have to go back to work and we can keep immigration restricted.

Boomers will get inflation adjusted ssa checks and their stock investments will continue to out perform inflation. Medical is heavily covered under medicare/medicaid/and VA. The U. S. pays for this primarily with payroll and income taxes and borrowing.

The stock market does not reflect our economy much anymore. The top 10% of income earners own 87% of all the stocks. The top 1% nearly 50%. So the vast majority of US citizens deal much more directly with 3.8% inflation and the rising costs of just every day living costs. Tariffs were tried in the early part of the 20th century to help manufacturing. Today we live in a 70% plus service based economy and tariffs are a very poor method of bringing in funds in our type of economy. Not only do boomers have several options for income and health care they also have higher levels of discretionary spending options and can shrink their living costs more than many age groups in our society.

Bryce

Over 60% of citizens participate,,,,, 100% have the option of participating