> And I'm amazed at how gold-bug conservatives so conveniently ignore the previous 13 years of furious money-printing that accompanied near-zero inflation level

> And I'm amazed at how gold-bug conservatives so conveniently ignore the previous 13 years of furious money-printing that accompanied near-zero inflation levels. No one's ignoring the last 13 years of furious money printing. What you point out is the exact problem with money printing. When you dump a ton of new money into an economy everything seems fine for a while, until it doesn't. It's kind of like Wily Coyote running off the cliff. Everything is fine at first, but at some point he notices that there's no ground under his feet anymore.