The depeging occurred in 1971:
* https://en.wikipedia.org/wiki/Nixon_shock
the CPI didn't start going crazy until the mid- to late-1970s:
* https://en.wikipedia.org/wiki/1973_oil_crisis
* https://en.wikipedia.org/wiki/1979_oil_crisis
* https://en.wikipedia.org/wiki/Supply_shock
though there was a rising amount before any of those events:
* https://www.federalreservehistory.org/essays/great-inflation
You'll find that real wages in the US were fairly steady for most of the 1970s, falling mostly at the end, and really dropping during the 1980s:
* https://www.factcheck.org/2019/06/are-wages-rising-or-flat/
kinda like how despite all of the inflation the average person only saw a 3% increase in actual take homes while the hyperwealthy saw 300% (of much, much larger numbers).
it ain't gold, it's greed
With a decent central bank you can, as the rate of inflation is fairly predictable:
* https://en.wikipedia.org/wiki/Inflation_targeting
We've recorded some of the most stable prices in the last few decades with that policy:
* https://en.wikipedia.org/wiki/Great_Moderation
as compared to when the gold standard was around:
* http://archive.is/https://www.theatlantic.com/business/archi...
And gold isn't as stable as most people think:
* https://www.macrotrends.net/1333/historical-gold-prices-100-...
even in the modern age:
> The idea behind a gold standard is that a currency becomes tied to a commodity with a stable value. The great problem with this is that gold does not have a stable value. Like any other commodity, its relative value goes up and down. For instance, in September 2022, US dollar milk prices were rising over 16%. In gold terms milk prices were rising over 23%—dangerously high inflation.
* https://www.ubs.com/it/en/wealthmanagement/insights/article-...