There is a surprising amount of open endorsement of the necessity of 'asset bubbles' coming from Wall Street shills and establishment economists.
As you know, a bubble represents a mispricing of risk. It is often used as a means of creating and redistributing wealth, generally from the gullible many to crafty insiders and the wealthy.
At best, a bubble *could* function as a means of top down stimulus, most likely not a generally effective stimulus, if one overlooks the immorality of theft through fraud.
But even top down stimulus itself is a form of control fraud, because it represents diluting the wealth of the nation in order to give it to the wealthy one percent.
What a brave new world, that has such creatures in it. And how easily they accept the illicit perks of privilege.
Have a pleasant evening.
