How Inflation Is Crushing Our Kids, In 5 Charts

The real generational discord is yet to come

In 1971 the US, along with most of the rest of the world, tried something new. They ditched their previously gold-backed money in favor of “fiat” currencies backed only by citizens’ trust in central banks and politicians.

The results were profound, as the dollar lost about 90% of its purchasing power. But the real damage was generational: Eroding curren…