[adventured]

> But unlike the prophecies of talking cartoon bears, all this money didn’t drive inflation through the roof and crash the stock market. It doesn’t seem to have really gone…anywhere.

It sure did drive inflation. It went into asset prices, which have been massively inflated by low interest rates.

Absurdly, the article is ranting about the rate at which real estate and rent are increasing, then pretending the inflation from printing all that money didn't go anywhere. From one paragraph to the next, somehow the author managed that disconnect. The Fed's zero interest rate policy, spurred the big recovery in housing prices (intentionally), and has enabled people to spend more on housing via artificially cheap mortgages than they otherwise could have, pushing prices up rapidly.

[apapli]

Inflation, at least in Australia where I live is measured as a “basket of goods”. I totally agree that inflation has gone higher than it seems reported, but I think that is due to categories that are not properly captured in the basket.

No elected government wants to do a review on a metric that will make them look bad unfortunately if it was corrected.