Bad investment compared to what? Idle excess fiat is worth about -100% to the aggregate economy over the time it is kept idle. Manipulating it so that it store

Bad investment compared to what? Idle excess fiat is worth about -100% to the aggregate economy over the time it is kept idle. Manipulating it so that it stores value for an individual at a real rate of -2% when private market stores of value's risk adjusted real returns are lower than that is a market distortion that transforms people's savings into a huge loss to the economy. I am the one being meticulous about the implications of real vs nominal. In particular I am saying that people's saving should be tied to something real by making sure they end up in something backed by real economic activity like stocks, bonds, actual stuff or credible promises of production of actual stuff. You on the other hand don't seem to see the different implications between fiat stores of value and real value tied to production and production capacity. You have no problem if people's savings end up as purely nominal idle fiat without any real intrinsic value tied to them, if people's savings accumulate as pure government created claims on production from other people who have not promised to fulfill those claims.