Both the financial sector and government leadership are hell-bent to retain the economic myths that perpetuate gold standard thinking, at least among voters. Practically the entirety of both sectors has abandoned the concept of using fiscal policy to alleviate the harm done to the working class over decades of mismanagement and take great advantage of the common illiteracy in monetary policies.

The lead in this, as usual, comes from the US Federal Reserve, long ago dedicated to preserving a ruling capitalist class and subjugating the working class under a well-orchestrated and financed propaganda campaign. Both Pete Peterson and Milton Friedman are probably looking proudly at the destruction they wrought on the "little people" and especially upon how they are so anxious to cheer for that in their masochistic denial of monetary reality.