The government that printed the money was supposed to reduce the money supply, while capturing productivity from more profitable industries, effectively neuteri

The government that printed the money was supposed to reduce the money supply, while capturing productivity from more profitable industries, effectively neutering the difference. Turns out it is easier to print money than to burn it. The Fed is trying to command the economy, but ultimately people must be more productive for a little less. QE easing and asset deflation have some part, but unemployment must increase, or we simply won't have the "strong labor market" that increased productivity requires. We don't have the sentiment or confidence, and that is going to be devastating if not quickly corralled - inflation can lead to hyperinflation exponentially. Not for the USD - we have control of the world's economy - which is why the MIC complex and foreign policy is actually an investment in the largest scale. That difference, between productivity gains and captured output, is the price our future generations pay (in inflation) for continuity _now_. But it isn't fair to push such a can down the road. Things need to pop sooner rather than later, and the Fed would like a "soft landing" - no pop, which may not be possible at this point.