Stocks only recovered because of unprecedented money printing by central banks across the world. That experiment is, at best, half over. I'll trust in bitcoin, thanks.
I believe a fixed supply of currency is beneficial when determining price. The ability of an institution to secretly change the amount of a currency used to measure price introduces yet another variable into the valuation equation.
Additionally, when the dollar was fixed on the gold standard, employers needed to be upfront and honest with their employees. When they needed to cut wages, employees knew it was happening. Much of the labor movement and union formation happened because employers needed to be honest about what they were doing.
I've yet to hear a convincing argument that inflation is good for me.
2008 should have ushered in a new labor movement. It was at this time that workers needed protection from their employer more than ever. The lackluster job market meant employers could demand longer hours and lower wages. Additionally, despite non-existent wage growth, the Federal Reserve fought tooth-and-nail to create inflation while insuring interest on savings was pushed to nothing.
Of course we're burned out. We're fighting a losing battle.
If Obama had any balls, he would have pushed for policies that protected the worker during this period we needed government the most.
Who cares? We already know the US is rampant with tax avoidance schemes. I know many small business owners who brag about all the expenses they deduct which are questionable at best. We know Apple and many other large corporations pay almost no tax on their profits. We know the majority of wealthy people pay a smaller percentage of tax than your average working stiff.
What could possibly be in Trump's tax returns that would make us outraged that isn't rampant in our society already?
> In the US, for instance, the Fed stopped QE in 2014
I don't know if I'd phrase it that way. The Fed stopped purchasing new bonds, true, but they are still holding all the bonds they did purchase. Those bonds are rolled forward until they attempt to unwind. The QE experiment is, at best, half done.