>However what you're talking about is asset prices, which has nothing to do with inflation. There's a term for rising asset pricing: asset bubble. I would agre

>However what you're talking about is asset prices, which has nothing to do with inflation. There's a term for rising asset pricing: asset bubble. I would agree with your view if the bubble was isolated but when most/all scarce assets bubble simultaneously, it is the first sign that your explanation is inadequate..