Does inflation matter? The real cost of living for middle class Americans. Fed on path to growing balance sheet to $4 trillion.

Does inflation matter? The real cost of living for middle class Americans. Fed on path to growing balance sheet to $4 trillion.

Does inflation matter?  If you ask this question to the Fed, it appears like it doesn’t.  The Fed is doing everything it can to stoke the fires of inflation.  Instead, what it is doing is causing further asset bubbles and misallocation of capital in markets.  For most people the cost of living is becoming more expensive.  Tuition costs are soaring, healthcare is extremely expensive, energy costs have reached a new level, and incomes are stalled.  It is hard to see how inflation is a good thing when incomes get stuck but it is also part of the plan.  The psychology of inflation is excellent for a consumer driven economy.