erniem

Can The Fed Inflate Its Way Out of Housing, Credit Mess?

Well, there is certainly no doubt that inflation has been the primary tool of the Fed financial policy. Anyone who has been alive long enough can vouch for that. When a house in Ca that cost $35k in 1965 is worth $1.3 million forty years later, you have inflation. At a 9.5% yearly rate. There is simply no way around that, and 50% of that inflation has been in the last six years.

Yes, I would say inflation ( the favorite government tool to keep expanding bureaucracy and "paying" off debt) has been extreme. And they still insist it is 2-4% yearly.