The implication is that asset-price inflation is needed to get the economy going. Discuss.
as in say, housing prices going up again, so everyone with a toe-hold in the middle class feels rich enough to be a confident consumer again?
what other assets might be on the table for this?
carbon tax credits for bicyclists?
satyagraha spinning wheels?
can you have 'asset-price inflation' without it bubbling sooner or later, as all the speck-ers smell opportunity, and cluster, jacking and jockeying the asset's reputed value high enough to pay a foodchain of middlemen to suck as much as they can out of it as it attains necessary 'velocity'on its way from raw material to 'end-user'? ~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~
Oddly reminiscent of most of what passes for economics, certainly.
The wheels are spinning, people are earning merit, but nothing much is happening.
