Well, our dollar isn't tied to a gold standard anymore. But inflation needs to be stopped. Inflation is just a way to transfer wealth away from the people who don't have much into the hands of the wealthiest. I have an example.

Simple numbers to make the math easy for me, i'm terrible at math.

You have $100.
The guy that sells you all your food has $1000.

Your food was costing $10/week, and inflation cause your money to lose 33% of it's value. Your food now costs $15/week.

The rich guy also pays more for food. His cost went from $10 to $15.

After one week you have $85 left after paying the food guy $15.

The food guy brought your $15 in, but it cost him $15 for food. So he still has $1000, which is only worth $666.66. Luckily everyone you know also buys all of their food from the guy, so in reality he is raking in tons of cash, but I am not good enough to get that complicated.

Now lets say you also work for the food guy.
Your $85 is only worth $57. You get paid $10 that week, now you have $95 which is worth $63. The food guy now has $990 which is worth $660

Of course, in real life you would probably get a raise, but it will never be enough to cover inflation. Lets say you get a raise of $1, so now you get paid $11, giving you $106, and the food guy has $979. You buy your $15 of groceries, and he buys his $15 of groceries.

Now you have $91 and the food guy has $979. Your money has a value of $60 and the food guy's money has a value of 646.14

There you go, the food seller is coming out better from that deal.

Same scenario without inflation:

You have $100, you spend ten on food. Food guy has $1000, spends ten, takes the ten from your food purchase.
You have $90, food guy has $1000.

Food guy pays you ten, you have $100, food guy has $990.

Next week you get paid ten, you buy ten dollars worth, you have $100, food guy has $980. Good thing he has more customers than he has employees!!

The transfer of wealth from poor people to rich happens because the wage increases don't "catch up" to inflation immediately and you don't get reimbursed retroactively for the early losses, and the wages never fully catch up to the inflation.

This is ridiculously more massive of a wealth redistribution than what welfare could ever even DREAM of being, but yet you will almost never hear Neil Cavuto railing against the Government transferring wealth whenever they increase the amount of money put into the economy, but every time they increase housing assistance or food stamps he blows his lid, calls it socialism. I hope I made this post understandable, and I hope my math works at least in principle. My math skills are the worst ever, for real.

Oh, and there are other things that happen, for example lets say the pinch felt by the worker in the first example causes him to miss a credit card payment. That will incur a fee and also raise his interest rate, which the food guy probably has a finger in that pie also. BTW I'm a free-market capitalist, not a liberal or a Marxist or any of that sort of thing. However, we haven't had a free market in this country for decades, and the neo-cons don't actually support a free market, they just pay lip-service to free market principles.