> there's going to be another massive asset bubble which will create tremendous inflationary pressure Asset bubbles don't necessarily turn out in cost-of-livin

> there's going to be another massive asset bubble which will create tremendous inflationary pressure Asset bubbles don't necessarily turn out in cost-of-living inflation, as we saw in the era of QE after 2008; it was inflationary for asset values, which kept on climbing, but prices goods and services were stable, remaining under the 2% target rate in the decade between 2009 and 2019.