> Remember that the inflation that we are talking about is that with regard to consumer prices, which is often related to wages. It does not relate to asset inflation on things like shares, or house prices, which can behave quite differently, as the last decade’s shown.
I like how the article waves off asset inflation. The federal reserve creates trillions of dollars in new money, shares and house prices go up considerably, and we have no inflation. It's a win-win. In a wealthy society like outs, assets are exactly where you would see the inflation. Demand for staple goods isn't going to go up.
This is just a transfer of wealth to asset holders.
I like how the article waves off asset inflation. The federal reserve creates trillions of dollars in new money, shares and house prices go up considerably, and we have no inflation. It's a win-win. In a wealthy society like outs, assets are exactly where you would see the inflation. Demand for staple goods isn't going to go up.
This is just a transfer of wealth to asset holders.