Yup. Fiat is a scam. Imagine the wealth everyone would have if inflation was not a thing and we had sound money. I see people fall behind at my work every year, compounding when they either a - dont get a raise or b - get a raise lower than m2 expansion.

It would be hard for an employer to say “yeah we are going to need you to work for $2 less per hour” every year. With inflation of the money supply, that move is seamless!