Inflation, or "pricing power" is nonexistant in the economy right now. In fact we are on the verge of deflation. This is due to massive misallocations of capital and oversupply.
What you are referring to is the growth in the money supply through the Fed down to the fractional reserve banks. M3 money has grown by leaps and bounds in the Greenspan era. This and only this is the source of the stock market bubble.
well... with current inflation rates.... (Score:0)
with current inflation on video games, i'd guess 20's oughta be doing well by then...
You mean growth in M3, not actual price inflation (Score:5, Interesting)
What you are referring to is the growth in the money supply through the Fed down to the fractional reserve banks. M3 money has grown by leaps and bounds in the Greenspan era. This and only this is the source of the stock market bubble.