PLW - Dude Where's My Inflation?

• From time to time, Austrian economists, gold bugs, and other economists on the saner end of the spectrum warn of the inflationary dangers of modern central bank policies.
• In order to understand the problem, it is necessary to get clear on the basics of the discussion.
• During normal times, "helicopter money" handed out to the population, as described by former Fed chief Bernanke, is a better way to stoke inflation than is pumping money into financial markets, and an even surer way is to simply finance government expenditures by the printing press.
• That they don't do this suggests that their primary objective is not really to increase inflation, but rather to support financial markets and players in the style to which they have become accustomed.

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