OK. So?

Their charter is to keep "full employment" and "low inflation". The jury is out on both of those.

Not sure your exact question, or to whom it was directed, but since I started the thread, I get all the posts.

I don't disagree on your assertion that it seems contradictory that there can be an increase in tax revenue with the lowest worker participation rate since the data began being recorded. The only thing that I can figure is that cap gains are being driven up by the influx of cash by the Fed, which then gets taxed.

I think we've already tipped - they've just tilted the whole world so we aren't noticing it, yet.

By the jury being out, what I mean is that the Fed has been pumping unprecedented amounts of money into the economy and the only movement of the unemployment level has come about due to more and more people dropping out of the work force. And as for low inflation, all monetary theory shows that drastic increases in the money supply result in increased inflation. Why this hasn't yet happened is a subject of much debate. Few rational economists dispute that it will happen, but are just perplexed as to why it hasn't already. It's most likely a combination of not having anywhere else really to put your money (at least not currency - there's no fiat currency that isn't facing the same type of hyper increase in the supply - not the Euro, not the Yen, not the Yuan). On top of that, the US seems to be manipulating the precious metals prices, driving it downwards in dollars, making it less desirable, yet the likes of China, Argentina, India, etc. are buying up and repatriating gold at an unprecedented pace. If the US is no longer able to ship that gold that they had been holding in trust to those countries (and they've started to renege already) the SWHTF quickly and hyperinflation will likely wipe out anything held in dollars. Then, the jury will have spoken very loudly.