What are the issues about ? Will US and Global economy get better or worse?

Many global issues have happened in the world to cause this global economy to crash. I would say the wars, the coronavirus, the loss of jobs, and China's ability to have products made that cost less. These issues have had a lasting effect on the USA and the Global community. How do you address these issues? What products am I talking about? The price of anything produced has increased from food, energy, rent, mortgage, and cars. I would have to say the USA should have a debt Jubilee and forgive people of their obligations, This was done in greek history, but the people had to revote because the landowner had too much power, and the presents "were overtaxed." When the USA went off the Gold standard, USA President Nixon was in office, which was a big mistake. This gave the Federal Reserve ban too much power, the power to raise the interest rate anytime they wanted. They also can print as much money as they want to; this devalues the dollar. This means the USA money printed is Fiat dollars Fiat dollars Key Takeaways. Fiat money is a government-issued currency not backed by a commodity such as gold. Fiat money gives central banks more significant control over the economy because they can control how much money is printed. Most modern paper currencies, such as the U.S. dollar, are fiat currencies.

So with the dollar bill being devalued, you need more money to pay for a product that cost less last year. These issues have caused food, rent, gas, and mortgages to increase in price. It is even to the point that they give you the same food product in a bag but fewer weights. It has been duchess in the news that the USA should give people universal pay for workers not making much money. This is a great idea. We just need to press the restart button and restructure the U.S. economy. We should build more trade schools and bring jobs back from China.