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Originally Posted by sebastian_dangerfield

See the recent decreases in consumer confidence? The consumer - on which 70% of our economy is based - is tapped out. The middle class squeeze (mix of non-core inflation in essentials coupled with wage stagnation) is murdering him. Seeking greater across the board inflation will only result in selective inflation that will decrease disposable income. The areas where inflation is needed - housing and wages - remain stubbornly resistant, and will continue to be so no matter how loose our monetary policy.

You've an odd assumption that monetary policy can create inflation, or deflation, where it is needed, and that it's just a matter of political will, or policy prescription, to do so. This is ludicrous. If we've learned anything from this depression, it's that the Fed, and our govt, have far less ability to guide our economy than thought.

You jumped from "inflation" to "our economy.". The fed controls the former not the latter.