[leereeves]

> Moreover why doesn’t printing money cause inflation in the same way it did before?

One possible explanation: printing money doesn't cause consumer price inflation because so much of that money never reaches consumers.

[seanmcdirmid]

Ya, as long as housing prices aren’t kept in the inflation index, you’ll never see the money being printed.

[njarboe]

Or stocks, gold, commodities, etc.

[seanmcdirmid]

Commodities maybe, but most of the new liquidity is being soaked up in the real estate bubble.