Big unknown as to how, though. Pushing money into speculation diverts it from productive activities. Remember that the Fed tightened and KEPT tightening even after the NASDAQ bubble started deflating in 2000.

Real change needs to come from DC. And possibly from the Fed buying state infrastructure bonds directly — infrastructure investment is one area that’s sorely lacking in the US. Rebuilding it, modernizing it will keep a lot of people employed and help the economy for 50 years to come.

Housing? We have a glut. People willing to play the markets? Samesville.