Is This Really Inflationary?

The idea that what we've been doing for the last 30 years isn't inflationary is totally wrong. That's where we have these crazy valuations from thee length and breadth of the stock market. It's simply a case writ large on the kind of reckless debt building and speculative enterprise that's been fueled by the central banks, including a people's bank of china. I think what i'm getting to the fed is finally going to lose its way. In other words, you can only go so far with the rationalizations and the excuses and all the other nonsense that you hear from paul. But i think we're reaching the point soon where the goods and services inflation is high enough