One thing that would help is if our governments, all governments, would stop spending money they don't have, and therefore stop devaluing currencies. When the Fed "buys" $4T in mortgages to relieve banks from holding any risk, where do they get all that money? They don't - they just "print" it, by clicking on a computer. And in the process, they devalue everyone's wealth.
Yes, things are not quite as volatile since 1930, but also note that there is only inflation, whereas before, there was deflation to balance out the inflation. I know everyone says deflation is the devil. I'm not so sure about that.
Devil's advocate here, definitely not an economist either, but why is devaluing everyone's wealth a bad thing?
Sure, individually it sucks for one's pile of money to be worth less than it was yesterday but it incentivizes one to figure out solutions to inflation - real-estate, stocks, bonds, assets, work more, etc. Also leads people to produce more and not allow a resting-on-the-laurels situation. Overall, big picture wise, the species needs to grow to survive - to obtain the technology to expand outside of Earth. Stagnancy is a deadend death.
Take a look at this chart: http://blogs.wsj.com/economics/2015/12/14/a-brief-history-of...
Yes, things are not quite as volatile since 1930, but also note that there is only inflation, whereas before, there was deflation to balance out the inflation. I know everyone says deflation is the devil. I'm not so sure about that.