Agreed. However, it is impossible to get a wise consensus. I believe the war on drugs is a terrible waste of both resources and humanity as a whole (not even considering the terrible externalities that result, e.g. black market cartels).
Nope! Increasing bank reserves all but eliminates the risk of insolvency. The type of monetary velocity necessary to invoke a general rise in prices could not exist in an environment where credit easing is a necessity. The problem is, money is not circulating and hence we need to put a floor under asset prices. The relationship between deflation and default is well established, e.g. repaying loans with with specie whose purchasing power increases.
People are just now recouping (in nominal terms) the wealth they lost between 2007 and 2009.
What??? Regarding your link: