What is the practical application of a currency devaluation - US Dollar ?

[Pub-911]

Originally Posted by engineman

This is what inflation does to people on fixed incomes, like seniors on Social Security.

SS includes a COLA every January 1. These are based on the CPI-W for Jul-Aug-Sep of this year versus the same three months in the base year which is usually last year. With inflation remaining low, the increase for 2017 will be 0.3%.

[Pub-911]

Originally Posted by SWFL_Native

There is a tipping point on government spending and long term debt that has to be recognized.

You must be horrified by Trump's plans to give tax cuts to the rich and mega-corporations.

[rruff]

Originally Posted by ohio_peasant

What matters most is return on capital vs. return on labor. If the former exceeds the latter, this benefits investors – even if they're small investors.

The great majority of the population makes much more money from salaries than investments. When the riches so lopsidedly go to those who own capital rather than those who work, the economy slowly disintegrates. The poor keep getting poorer, but you expect them to somehow start saving their pennies from their declining salaries and enter the "investor class"? Some quick calculations will show that it is not possible.

"Small investors" are not benefiting from this economy at all. What they lose in salaries far exceeds their modest investment gains.

I wouldn't even call it "investment". It is rather asset inflation via a finance-driven ponzi scheme. Turning money into more money, while the real economy flounders. Real investment is in research and invention, production facilities, and the building of more efficient infrastructure.