The extreme money printing (look at the Fed's balance sheet before and after 2008 [0]) showed up as inflation in house prices, which have ballooned in relation

The extreme money printing (look at the Fed's balance sheet before and after 2008 [0]) showed up as inflation in house prices, which have ballooned in relation to wage income. This was done for the explicit purpose of keeping the biggest lenders flush (see Timothy Geithner's comments about 'deeply unfair', e.g. [1]) and is exactly what the GP is describing. [0] https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm https://www.federalreserve.gov/monetarypolicy/bst_recenttren... [1] https://www.pbs.org/newshour/show/geithner https://www.pbs.org/newshour/show/geithner