The core problem is that we've had hyperinflation in assets - with active encouragement from the fed for decades. This is the consequence of the least progressive tax rates in decades and bank credit creation which has focussed on asset acquisition. And as asset rich citizens move into retirement all over the developed world they will monetize assets and spend the proceeds in the economy. Therefore all the money (which has grown at 8% per annum over decades) sitting in investor accounts and balancing an allocation to financial assets is no longer siloed off from the real economy. The only possibility to bring the system back into balance is to tax these nominal fed-induced gains from asset holders using a progressive tax. But of course that will bankrupt the financial system - so it can only be done as part of a massive monetary reform. And as part of that reform the fed needs stop only looking at consumer prices when measuring the price level. And it should refrain from requiring positive inflation - as that requires banks to make non-productive loans. And money creation needs to be strongly focussed on productive endeavors - not on what it mostly does now: enable asset purchases at ever increasing prices. Tax reform is needed to keep the great incentives in the capitalistic system intact while stopping ever increasing wealth concentration. If you are very productive you should obviously earn more. But the relative wealth of different percentiles in the wealth distribution should stay fairly constant. There should always be the possibility for highly productive individuals to make it to the top. Measure the success of the system by monitoring debt and money to incomes. If that ratio continues to rise as it has been in every single developed economy for decades the problem has not been solved. It's a tough project - but there is no other way. Interest rates won't solve this - they aggravate the imbalance of cash in investor accounts vs the real economy. And the coming generations simply won't accept handing over the vast majority of what they produce to an older generation due to the mere fact that they came first.