Yeah I agree with this more, but let's ignore the US for a moment and observe that inflation has been steady and low for decades now in most wealthy countries. And then we observe the same is true in the US.
So whatever the causes of the (I certainly agree) massive transfer of relative wealth to the 1%, I don't see much evidence that it's US government financial institutions that are to blame. As for fixing the problem, in the simplest, most effective way: highly progressive real income and wealth taxation and whatever Picketty thinks the fraction the inheritance tax should be.
The US Government effectively made all currencies fiat by ending gold convertibility of the Bretton Woods agreement. Severing the last remaining link to gold allowed all governments to pursue the same inflationary policy for political gain.
So, all governments are doing the same wealth transfer because they are run by humans with similar incentives and the US Government destroyed the leash.
The fix isn't to add more bandages over the wound. It is to repair the wound by putting government spending back on a leash.
So whatever the causes of the (I certainly agree) massive transfer of relative wealth to the 1%, I don't see much evidence that it's US government financial institutions that are to blame. As for fixing the problem, in the simplest, most effective way: highly progressive real income and wealth taxation and whatever Picketty thinks the fraction the inheritance tax should be.