I’ve read your comment at least 5 times and don’t understand what you’re saying.

1) Everything relies on the market, so I’m not sure what alternative you’re suggesting that wouldn’t rely on the market. For example, cash or fixed income pensions are reliant on inflation remaining low.

2) “The market is stable over a long term, but that term has exceeded the average retiree’s age.”. I’m not sure what you’re saying here. Are you suggesting that depressions last more than 65 years (or whatever the average retirees age is)? Obviously they don’t, so not sure what you’re saying.

I would argue that a low cost broad market index fund like VOO is the most risk free and inflation resistant asset class to own for investment horizons beyond a few years.

I have full faith in the US government to pull out all the stops to make sure equity prices of publicly traded companies remains stable and increasing, and continuously lowering the purchasing power of the USD if need be.

As far as I can tell, all the state and local governments (and hence taxpayers) are invested in the publicly traded markets via pension fund investments, the older voters with retirement savings are invested, and political leaders are invested in maintaining and growing equity prices.

Short of revolution, I do not see how incentives for political leaders would change.

  > I have full faith in the US government to pull out all the stops to make sure equity prices of publicly traded companies remains stable and increasing, and continuously lowering the purchasing power of the USD if need be.

i don't know why, but this doesn't seem like a good idea to me...?

Maybe because it causes regular recessions, zombie companies, no hope for addressing climate change, and morally bankrupt megacorps...

Which part? Me assuming political leaders will sacrifice purchasing power to prop up asset prices, or the government propping up asset prices?

If the latter, then whether or not it is a good or bad idea depends if you are a beneficiary (typically older) or loser (typically younger).

the latter, and yes, i guess im a "loser"...

Because their main lever to do so is the federal reserve target rate and they are moving in the opposite direction.