And apparently we can thank the Petro dollar system for gutting US manufacturing.
Inflation and central bank policy is separate from this. If you have a highly inflationary monetary policy, landowners will still reap the benefits of inflation in increased rent, and they will still turn a profit on mortgages, which are paid back in dollars that are worth less. The main difference is that they'll also have a LVT that grows with inflation, and so they face continuous pressure to keep the land is uses that generates the most economic value (rent). But unexpected inflation is effectively a discount on their purchase price, if they pay with borrowed money; this doesn't change under a Georgist system.
Take a look at the hand-soldered circuitry in an old TV or radio and it's obvious why those things were so expensive.
https://workableeconomics.com/
Explains it all pretty well