Dummies?

When seeming professionals propose ideas that are internally contradictory I really start to question professionalism in the financial services industry.

The idea proposed was that since inflation was caused by limited supply, which the Fed cannot control, the Fed would simply raise its inflation target and resume easy money to resume growth, driving stocks to infinity and beyond.

Excuse me, but doesn’t limited supply itself limit growth?

Since when has the Fed ever been able to control supply? The money printers go b-r-r-r but there are no gas wells or potash mines at the Fed building. The Fed’s manipulations are intended to control demand.

And by the way, how is the economy to grow when businesses wanting to expand cannot hire the employees that they need?

The bubble is still with us.