One need only look at gas prices to see dollar devaluation.
You can't have it both ways, Imagep. You can't sit by and talk of the "stupidity" of putting money in a bank, as opposed to starting one's own business, or investing in stocks....and THEN point out the "poor" decisions that led to someone filing bankruptcy....likely a result of getting wiped out in stocks, or having a business fail.
What's so wrong with simply putting money away into savings? That's why we have ****ing money in the first place. Because it DOESN'T spoil or go bad, or get eaten by pests. That's the entire god damn purpose of developing a currency, as opposed to dealing entirely in barter. Hanging onto 200K worth of corn, or oil, or some other asset that others readily value, is impractical....so, we invented an item to represent that 200K worth of wealth, which is valued equally by those you would trade with.
But this system doesn't work very well when you have to RISK your money just to be able to RETAIN it, and I point to the continual streams of market bursts and slumps, going all the way back to the early 1900's, as my evidence of this.
What is so ****ing wrong with just being able to sock away 10 grand, and 20 years later, having that 10 grand still be worth what it was when you socked it away?
The ONLY answer you can adequately supply for what's wrong with this is, it dispels the ILLUSION of growth, an illusion that is necessary to maintain faith in the idea that wealth is both created, and that it can be created in infinite amounts. That's all this is about. Without inflation, it looks less and less like growth, and more and more like redistribution, be it by government model, or my market model.