It is so disturbing that Fed officials can only see inflation as the solution to our problems. Has nobody ever considered the fact that *deflation* might actually the the cheaper, more efficient, less-painful (to working people) solution?
Asset price inflation increases the wealth disparity, which is at the core of our problems, IMHO. Deflation hurts the wealthy (capitalists who derive most of their income from investments/speculation) most, while inflation hurts wage workers most.
When they choose inflation, they are clearly showing to whom their allegiance lies.
