All I’m trying to say is that by accelerating domestic inflation, the Fed is seeking to restore the housing price/income and price/rent ratio by debasing the value of the dollar, as opposed to waiting for the adjustment to come from price drops only.

How do we know the dollar is being devaluated? Measure it in terms of precious metals, gold, and stable currencies like the Euro.

The US dollar is extremely overvalued. Trade deficit of 6% of GDP is proof. Sooner or later it had to devalue on its own. Fed’s actions may have lit the fuse but the bomb was already there, constructed by careless foreign policies of three presidents.

Inflation you think you see (brought on by printing presses) would have led to low unemployment and rising incomes, we’re not seeing that. There’s no monetary inflation. There’s just flight from the dollar.