You could make an argument that that plan works perfectly well through history as long as you have the Fed and congress inflating every asset on earth.  It's the other side, the academic side that assumes someday the Gov will have to stop inflating everything to get out of bit of trouble we find ourselves in, that is really taking fire.  People literally cheer asset price inflation because they are clueless to the effect on their purchasing power....so why would the Fed and Congress change course?  They probably won't.  If they don't change course, you can buy and watch the asset inflation simply play out.

Since this is a TA forum....here's the chart that supports the above thesis