While I agree with you philosophically, it's pretty hard to look at the 2014 BTC chart and not say the exact same thing about it at this point. 

Don't get me wrong - the "print more/borrow more" attitudes of the major economies are definitely a losing proposition... but unless you mined/bought BTC more than a year ago (or traded alts with reasonable success) - you'd have been better off just staying in cash.  3-4% inflation (or more accurately value-depreciation) seems like a screaming deal when compared to a 60% loss of value in a single year. 

And BTC is one of the very best as far as coins that have survived a year or more... the rest are really scary.