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PeakTrader:

If Bernanke wasn’t such a great Fed Chairman dealing with the Obama Depression, after proving he wasn’t an inflation dove, which initiated the recession, Romney would be President now, instead of four more years of Obama.

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Juandos, Bill Gross of Pimco cited a Keynesian concept, of “animal spirits,” when he said: “…the inflation component affects the real growth component.”

Bernanke has been trying to boost nominal growth (inflation and real growth) to boost real growth.

However, nominal growth remains too low.

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Also, I may add, when revenue is growing faster than expenses, there’s profit growth from efficiency, not inflation, because if there’s inflation in revenue, there’s inflation in expenses too.

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Of course, profits can capture more of the real gains than wages, for example.

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Dr Perry’s chart shows World Per Capita Real GDP increased sharply from 2002-07, which raised U.S. living standards substantially, because the U.S. was the main engine of global economic growth, pulling the rest of the world’s economies:

http://2.bp.blogspot.com/_otfwl2zc6Qc/STCkwME3I2I/AAAAAAAAH3c/ee8RtszfDt4/s1600-h/world.bmp

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And World Stock Market Capitalization:

http://www.aei-ideas.org/wp-content/uploads/2013/03/worldcap1.jpg

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