It seems to me that assets are inflationary and consumer products are somewhat deflationary. Most people don't own assets, so even if the Fed gives money direc

It seems to me that assets are inflationary and consumer products are somewhat deflationary. Most people don't own assets, so even if the Fed gives money directly to consumers (e.g. UBI), that money will be just enough to live on, and trickle up to the asset owning class.