I can agree with most of that.
I just wished the right would actually make good on their campaign promised to stop the excessive spending, balance the budget and leave the Fed money alone. And stop using it like an unlimited credit card.
People legitimately complain about the trade deficit with China, without realizing why they can manufacture so much cheaper than the US. It's simply because a middle class wage over there is like $20,000(USD) per year. Here, it's a poverty wage. If our middle class wage was still $20,000, we wouldn't have a trade deficit.
If our middle class wage was still that, we wouldn't much of an immigration problem. The cartels wouldn't be so dominant in our drug problem. Fentanyl is made is China, sent to MX to me made into meth and other drugs, both at much lower wages. And sold on the US market at a HUGE profit. If our USD was still that of 1970, the profit margin of fentanyl wouldn't be near what it is today.
That's just a couple of examples of what our overly inflated USD has done to this country, by our own government.
They (the Gov) has done more to push jobs out of this country, bring illegals and drugs in and hurt the middle class more than any other issue. And the GOP, the left, Trump and 90% of the rest of them, just ignore that.
Maybe it's because they don't know how to reverse this. Maybe there is no way to reverse it. But they could start by leaving the Federal Reserve alone. Stopping the money printing machines would stop inflation in it's tracks.
When inflation strikes, it causes 80% of the country at least some level of hardship. Buying goes down, crime goes up, jails & prisons get fuller, businesses suffer and it spreads across the country faster than covid. There's almost no aspect of our lives that inflation doesn't touch. Inflation is nothing more than too much money in the economy. And like you said, when Reagan came into office, it started a trend that hasn't stopped yet.