Which gold standard? Bretton woods wasn’t it (only state actors could redeem). Literally the history of boom and busts are from the excesses of money printing.
https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
https://en.wikipedia.org/wiki/Executive_Order_6102
The US went off the gold standard in 1933 because of the crash of 1929, which (obviously) happened under the gold standard. It was part of an extreme but ultimately successful project to re-mobilize the economy. Although the dramatic federally-directed transformation seems to have left a lot of scars on US politics.
Bubbles are only bad if people are deceived, because the proper way of riding a bust out by doing nothing (creative destruction) is too painful and may lead to political extremism.
https://www.brookings.edu/blog/ben-bernanke/2016/01/07/the-d...
That doesn’t sound right.
https://en.wikipedia.org/wiki/Business_cycle#Proposed_explan...
“It is difficult to get a man to understand something when his salary depends upon his not understanding it.”
So far no one has been able to provide real proof or empirical evidence, only theories from assumptions we know are not accurate.
Money is just paper. It holds no intrinsic value. The value exists in the economy of the US. Holding onto USD does not contribute to the economy of the US. So what's wrong with devaluing it? If money were to appreciate you would get value out of nothing. People would start competing for the value out of nothing until there is no real economy anymore.