Funnily enough I was saying the same thing tonight. Here in the UK I think it became all out screw people over when Margret Thatcher and the City of London had their 1980's yuppie boom.
I under stand why the older generation in the former Soviet Union harp back to the good old days of the soviet union, life was simpler and more stable for many people.
Now we have to navigate recessions about about 7-10years, have so many financial products in order to not get screwed over because the state is no longer up to the job. Life has become a bit of a free for all, and the extent and deviousness of some people to get money or manipulate people is off the scale imo.
I also understand why we had to come off the gold standard, if we were every really on it, because it was/is arguably holding back the economy and innovation, so with fiat its easier to print money and keep the plates spinning, but in a global world, 3rd world country's have the cost advantage which is why so much is offshored to 3rd world countrys. When looking at central bank digital currency, the fact that digital money can be expired unless its spent, I think is a poor attempt to reduce the risk of boom and bust, good times and recessions. It also shows how money is being used by govt's and central banks to manipulate people like holding a carrot out in front of a donkey.
Its a legal insult in some ways.