I can imagine union negotiators seeing the high returns and whispering, "Let's lock it in!"  I also remember stagflation and double-digit inflation.  We think the Fed has figured out how to manage interest rates, but can we know for sure?

In the post to which you kindly responded, I meant to say that contracts should promise only what the markets return in real time, perhaps with payouts from principle to buffer the downside, to be repaid during the upside.  It seems to me that would be the most responsible management tactic.