Summary : About this, if we ignore that rising prices frequently aren’t a signal of inflation as is, rooted in what Kohn, Bernanke and others deeply believe is that booming economic growth brings on labor and capacity shortages that push up prices of both. We could get into the robotization of “hands” in the economy, something that is a direct result of economic growth producing resources that enable further automation, but brevity gets in the way of too much ink being spilled about the certain truth that the surest sign of soaring economic growth is falling prices.
Fed officials broadly believe that the answer to slow periods of economic growth is money creation from the Fed, and spending from Congress. Money is a consequence of economic growth, not a driver of it.
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