> historical US inflation prior to the ridiculous post-2009 financial situation had long periods of being well above 3% and the sky didn't fall True, but misle

> historical US inflation prior to the ridiculous post-2009 financial situation had long periods of being well above 3% and the sky didn't fall True, but misleading; again, it's real rather than nominal rates that matter to most people. Before the GFC you could get interest on savings above the rate of inflation, even after tax. Not spectacular gains, but saving was at least possible. After the GFC your choices are to either a) join the long queue of ever-greater fools piling into the casino, or b) watch central banks confiscate your money, year after year, forever.