I’m saying the history of boom and bust is from excessive money printing, and later on from the contraction of the money supply.
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.