Matt Yglesias is absolutely correct that "asset price inflation" is not a thing. Yes, monetary easing raises the price of assets. No, that is not inflation. (Nor is it any sort of rise in the cost of living.)
Matt Yglesias is absolutely correct that "asset price inflation" is not a thing. Yes, monetary easing raises the price of assets. No, that is not inflation. (Nor is it any sort of rise in the cost of living.)