To understand what "printing more money" does, it's destroyed the Venezuelan economy, causing mass starvation and a refuge crisis that's just behind Syria and Yemen in severity.
Even here, the logical equivalent of printing money may be the real culprit behind both the 2000 dot-com bubble/crash and the 2009 housing bubble/crash -- and the next crash as well, because we still have bubbly asset prices.
That's the backstory of this: Cohn explaining to Trump that the Fed is going to raise interest rates, despite the lack of consumer price inflation, due to asset price inflation.
