On Its 100th Birthday, The Fed Gives The World Another Stock …
by FS Staff“So the Fed kept filling up the punch bowl and instead of going into inflation of goods prices, it went into an inflation of asset prices. That’s inflation in the same way, but it’s not called inflation. So if the stock market goes up and doubles, we don’t say, ‘Oh, my God-there’s been inflation!’ Or, if housing prices […]