Inflation is not a given. Notice how inflation can't be pushed up in first world countries, even with trillions of dollars of quantitive easing by central banks [1].
Yes, you can create asset bubbles in the stock market and real estate. But the cost of everything else (besides RE, equities, health care, and education) is going down. The cost of energy will continue to decline, because we are awash in renewable energy, and the collection mechanisms are technology that continues to decline in cost precipitously.
Yes, you can create asset bubbles in the stock market and real estate. But the cost of everything else (besides RE, equities, health care, and education) is going down. The cost of energy will continue to decline, because we are awash in renewable energy, and the collection mechanisms are technology that continues to decline in cost precipitously.
[1] https://www.bloomberg.com/news/articles/2017-08-16/fed-minut...