patrick.net

Asset inflation hurts the very people who voted for Trump unless it kindles more jobs. Often it doesn't. It has limitations: http://www.talkmarkets.com/content/real-estate--reits/el-erian-has-it-right-the-failure-of-monetarism-and-asset-purchasing?post=88829&uid=4798

"But this practice of asset inflation has widened the wealth divide and is simply not enough for the economy to strengthen. There must be a better way and for El-Erian, it is the unlocking of corporate profits.

I would assume that unlocking of corporate profits means paying better wages and benefits. Paying good wages was just good business, not altruism, according to Henry Ford. When are American companies going to seriously take that advice?"