For the past 50 years the lower and middle class person where robbed, not by inflation (which was way higher before 71 than between 1981 and today) but by neoliberal policies (Thanks Raegan, thank you Bill Clinton, and all the others, really).
Interestingly enough those policies where grounded in the same ideological background as today's crypto enthusiasm: Austrian economics.
In the 70's, Keynesian's political influence died (because of inflation haters), and so died the golden age of America, and the lower-income families spiralled to straight poverty. Now, after the 2008 crisis, Keynesianism is in charge again, and some people are really bullish with crypto for ideological reasons (because they've drank too much of the 80-90's propaganda comparing Keynesianism with Communism, really). But using lower and middle class persons as an argument reveals either poor historical knowledge or bad faith. It's pretty ironic anyway.
Interestingly enough those policies where grounded in the same ideological background as today's crypto enthusiasm: Austrian economics.
In the 70's, Keynesian's political influence died (because of inflation haters), and so died the golden age of America, and the lower-income families spiralled to straight poverty. Now, after the 2008 crisis, Keynesianism is in charge again, and some people are really bullish with crypto for ideological reasons (because they've drank too much of the 80-90's propaganda comparing Keynesianism with Communism, really). But using lower and middle class persons as an argument reveals either poor historical knowledge or bad faith. It's pretty ironic anyway.