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"It's not less honest [of the government]...[it] is a failure of the [government run] educational system"

Think about that for a minute

OMG, excellent catch!

It is dishonest. The liquidity is not being injected everywhere at once. Those who get to spend it first enjoy the full purchasing power at the expense of everybody else.

Also imagine a person keeping 3000$ for a rainy day. He can't buy stocks, because rainy day could come at a stock dip. Losing 23% of that money in 5 years (assuming 5% inflation). How is it a failure of an educational system, not monetary policy?

> The only difference is that the bitcoin/gold side keeps on trying to think of US Dollars as a store of value while the government and economists know it's a medium of exchange.

Both. In the end, everything is a commodity

— Apologies to Baudrillard