About wealth illusion

Not a secret that Federal Reserve System United States of America America for the last 15 years made the mission "wealth effect" creation in economy at the expense of increase in the prices of assets. In far 2010 Ben Shalom Bernanke explained it as follows: "... Higher prices of actions will promote growth of welfare of consumers and will help to increase trust that can stimulate expenses in passing. The increased expenses will lead to growth of the income and profits which will promote the further growth of economic activity within a salutary circle". So, Ben Shalom Bernanke were started by the press, not...