I feel the same way. Yes its a bit unsettling getting an interest rate on cash and short term deposits that's well below inflation but its even more unsettling what might happen if what's happening in Australia happened here. In effect the difference between the annual inflation rate and the rate one gets after tax on cash and short term deposit is the price of the optionality you're getting. i.e. the price of optionality is quite high. I agree 100% with Winner69 that the value you're getting in regard to optionality is also quite high at the moment.