The Class Warfare of the Modern Economy

The Fed is choosing the wrong fight by bashing domestic lending intentions of domestic banks. The only inflation we've seen is being asset price inflation, again, like the 1920s. And rather than using interest rates, it would take a lot of pain from the household sector if it was concentrated instead on a withholding tax on sovereign holdings. Why is that not accepted or understood? It seems to be some people get it, but it's a, it's a minority to report. We want to discourage accumulation of financial assets. That I think still is out of the big picture story.