"From the perspective of my 'Financial Sphere vs. Real Economy Sphere' analytical framework, inflating the contemporary Financial Sphere [asset markets] in hope of spurring sustainable economic recovery is an absolute fool's errand. It's nothing short of reckless. To inflate Financial Sphere excess based on Real Economy Sphere indicators (i.e. GDP, the unemployment rate or CPI) is lunacy."
"Regrettably, this era's sophisticated inflationism is even more seductive than its predecessors."