> I honestly wonder if the Fed knows that the only way out of the current predicament is to cause large scale inflation such that incomes and earnings "catch up

> I honestly wonder if the Fed knows that the only way out of the current predicament is to cause large scale inflation such that incomes and earnings "catch up" to asset prices. Playing the current situation forward a couple things could happen. I lived through periods of hyperinflation and constant high inflation, and in neither case income "caught up" with asset prices - in fact they made things much worse, throwing tons of people in absolute poverty. Where has this worked as a solution, historically?