The Germans learned the lesson after the Weimar Republic. Perhaps the rest of the world will learn it in the 21st century?It’s a slow debasement of currency. We’ve been doing it for years. Both parties. It’s nothing new
It started after 2008. We outlawed depressions and just slowly printed money and debased the dollar. It helps with the debt and makes markets go up and everyone’s happy.
The market has went up on average about 8% -10% a year since 2008…which is roughly the same as actual inflation. 401K’s are now basically savings accounts so you don’t erode your purchasing power. Holding cash is no bueno. Nothing stops this debasement train.