thanks for the reply. The thing with inflation: true, it helps those in debt. But is destroys savers. Inflation is a simple mechanism of wealth transfer from savers to debtors. You described who the debtors are. I agree. Let me tell you who the savers are: mostly retirees (401k), elderly people who use their life savings to pay the bills, etc, and others like successful businessmen who just want to save. I just don't think that it is morally ok and I know that it is not economically ok (due to moral hazard) to just move wealth from people who worked and saved to ones who were irresponsible with their debt, took risks, and now want someone else to be responsible for that. Because there are more debtors than savers then simple political calculation says screw savers, let's rescue debtors as they are the majority of voters. And here we go:

Insurance premium for me is up 20% year to year. Food is up. Medication is up. Gas is up. All kinds of insurances are up. And all of these hurt common folk the most too. Guys living paycheck to paycheck. But those don't even get what the inflation is and how it translates to their daily lives. So the Government just continues printing.

Now talking about good times we have now in the IT. My answer to this consists of 2 points: (1) It's not only IT. Just read somewhere that some parameters of the housing market are as "hot" now as they were in 2007 in some areas (Las Vegas); cars are also selling as well as in 2007; etc. Which takes me to (2) The FED by keeping interest rates at 0 since 2008 was able not only to reinflate housing and IT bubbles but probably to create even more bubbles all over the place. So what I think and of course I may be wrong -- what you are experiencing with your new hires now is just another bubble built on cheap credit. Since 2008 the whole world has been buying US Treasuries like never before, funding US Government, financial sector and big businesses on unprecedented scale. The VCs I mentioned - how in the world can you be a VC and have worse return than S&P500 for the past decade? And still get funding! Why? Because with interest rates at 0% nobody wants to keep cash or money on deposits - everybody has to "invest" (or rather speculate). So that's what happening. If you do nothing with that cash you loose 10% year to year. So you invest no matter what. In IT, real estate, startups, whatever. Once the world stops buying US Treasuries on such a scale and actually starts selling them, the interest rates will go up. So then the question is why to invest in all these crazy startups, equities, bonds, real estate, etc. When just keeping cash at the bank deposit returns 5% a year? Or maybe even better at 18% (as it used to be the case in 1981). That's when you will see - sorry for putting it so bluntly - how much all these VCs, IT sector, real estate, etc. are really worth. Without cheap credit doing the work of life support.

BTW, I'm an (proud) US citizen, originally from Poland. As crazy as it may sound to you, after almost 10 years in the US (9 years IT experience) I decided to move back to Poland because I'm really worried that the US economy may face extremely serious crisis. Comparable to hyperinflation in Germany in 1920s. Think of me as of one of these tin hat guys or gold bugs ;-) My English sucks at times. I try to reread whatever I write, but sometimes I just write stuff and don't really care and well, it shows. My apologies, I tried to be better this time, lol. Nice talking to you btw.

I get you. You are a business guy doing his thing and you could care less about all the economics and politics BS. Honestly, I think that's great. I don't want to waste your time, so just saying hello and take care.