You're asking the right question but the answer isn't the Fed's money printer, it's the real economy's ability to back that money with actual productivity. Yes, an iPhone or Google search creates value but not all value is equal in monetary terms. The dollar's legitimacy hinges on scarcity and trust, not just raw economic output. If you could print money every time someone coded an app or assembled a gadget, Venezuela would be an economic superpower.

In a gold system you get rich by innovating, building, and trading. Not gaming financial systems. No Fed to bail out failed banks or corrupt hedge funds. Modern "hoarders" thrive because JP Morgan can lose billions, then get free Fed loans. Tech CEOs pump stock prices with buybacks, not R&D. Politicians borrow trillions, stick taxpayers with the bill. Under gold, these parasites starve. Gold forces all wealth to prove its worth in the free market.

The #1 driver of modern wealth inequality is fiat-fueled asset inflation. The rich own stocks, real estate, and hard assets, which soar as money is printed. The poor own cash and labor, which get crushed.

Hard money (gold) forces productive capitalism. Easy money (fiat) breeds crony oligarchy. The fear that gold leads to wealth hoarding is a myth. In reality, gold has built-in discipline mechanisms that punish idle capital and force productive use of wealth. The exact opposite of today's fiat-driven oligarchy.

Unlike fiat currency (which rots at 2-10% yearly inflation), gold appreciates in purchasing power over time as the economy grows (real deflation). Hoarding cash results in wealth growth, so saving is rewarded. But unproductive hoarding carries an opportunity cost because gold doesn't pay interest or dividends.

The wealthy can't just sit on mountains of gold. They must invest it to earn returns, fueling productive enterprise. In 19th-century Britain, capital flooded into railroads, factories, and infrastructure, not Wall Street derivatives.

Compare that to today's fiat hellscape where the rich park wealth in low-yield bonds, speculative bubbles, or offshore tax havens and central banks bail out hoarders (2008 bank rescues, 2020 PPP "loans" for billionaires).

Under fiat regimes, the politically connected get new money first (banks, corporations, government contractors) before inflation hits the working class. Gold eliminates this. No central bank can create gold out of thin air to enrich cronies. All wealth accumulation must come from actual production. No Fed-backed stock buybacks or real estate bubbles. No "passive income aristocracy" living off monetary inflation. Capital flows to useful ventures (factories, tech, agriculture), not unproductive asset-stripping.

Under gold, interest rates are set by real savings, not central planners. This means that reckless spending gets punished and long-term investing gets rewarded. If the rich hoard gold without investing, interest rates naturally rise (less gold available for loans), forcing them to deploy capital or lose out. Contrast this with yesterday's Fed-set near-zero rates, which allowed billionaires to borrow cheaply and speculate endlessly without real productivity. In the 1800s, Vanderbilt couldn't just borrow free money from the Fed to buy up railroads. He had to convince investors with real profits.

Unlike feudal systems (where land means power) or modern equities (where BlackRock/Vanguard dominate), gold's physical nature prevents monopoly hoarding. No "too big to fail" banks because gold can't be bailed out. No endless financialization because hard money kills derivatives casinos. And it's easily tradable because unlike real estate or fine art, gold circulates freely. The wealthy can't lock up the system. Gold moves to where it's most useful, not where it's politically protected. Bring back hard money. Watch the rentier class collapse.

I think Fed's money printers make all the entreprenuers chase value creation. It's like accelerated Red Queen Hypothesis. They are keeping everyone on their toes to gather as much of future new money as possible (that will be printed in future) at the same time creating value. My problem is if people just sit on the gold and not allow it to circulate and suffocate the economy because the gold hoarders would be rest assured that value will be eventually created in the system and their gold would appreciate and capture that value so they don't even try.