Cash is not suppose to lose value either.
Why not? Cash is a proxy between what you sell and what you want. Money is a common created through the agreement (well, sometimes it is enforced) of all its users to accept it. But why society must hold the value indefinitely until the seller decides what he wants in exchange?
The stock market is not undervalued since bond rates are so low. The stock market most likely will not provide same level of returns as last 200 years. However, at the present time bonds,bills, cash will all lose money to inflation and stocks might break even. That is the sad state when you hire orators to run the country as a front to the people that want to rob it.
I mostly agree. The problem with keynesians is that they don't understand that you need to save before investing.
Having low interest rates is great, but you can't achieve it the way they do, because is not sustainable (eventually interest rates will rise) and it have catastrophic side effects. If you want to fight interest rates you have to understand their source.
But still, don't you see the problems with deflation?
Please don't assume that the only alternative is systematic inflation. We're talking about deflation and you cannot defend it by attacking inflation. In fact, you only attack one kind of inflation: debt-money inflation. As said, expocoin (bitcoin with a cosntant inflation rate and therefore exponential growth of the monetary base) would not be as bad.
My proposal is fixed monetary base plus demurrage (so you don't fight deflation directly but you prevent its financial effects), but first we have to agree that there's a problem with deflation.