> Looks like they've been doing a bad job. Historically the last few decades have been the most stable in recorded history: * https://en.wikipedia.org/wiki/Gr

> Looks like they've been doing a bad job. Historically the last few decades have been the most stable in recorded history: * https://en.wikipedia.org/wiki/Great_Moderation https://en.wikipedia.org/wiki/Great_Moderation * https://en.wikipedia.org/wiki/Recession#United_States https://en.wikipedia.org/wiki/Recession#United_States * https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States https://en.wikipedia.org/wiki/List_of_recessions_in_the_Unit... > They've created a pretty massive destabilization bust of the dollar, with a massive unrecovered crash since the inception of the fed [0]. The "bust of the dollar" is a valid critique if you keep your dollars literally under your mattress or literally buried in the ground. As Nick Maggiulli observed in 2022: > Hot take: This is a good thing. > No currency should be able to buy the same basket of goods over very long timespans through hoarding. If you want to retain the purchasing power of your money, it should participate in society via investment. * https://twitter.com/dollarsanddata/status/1592651809750798336 https://twitter.com/dollarsanddata/status/159265180975079833... A follow-on from Barry Ritzholtz: > Nick is right: Cash is a medium of exchange, not a store of value. > Leave assets in dollars since 1913, your investing incompetency cost your estate/foundation a 99% loss. Invest cash in stocks, real estate, or other risk assets + your returns are up more than 10,000%. * https://twitter.com/Ritholtz/status/1593227389156622336#m https://twitter.com/Ritholtz/status/1593227389156622336#m Just putting your money into T-Bills would have kept up with inflation.