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by smallnamespace 2338 days ago
Shifting the definition of inflation this way is misleading and confusing for everyone involved - a better analogy may be that QE is equivalent to price controls on fixed income assets.

The effects of QE become much more clear - since the price of a bond is now fixed above its market clearing price (alternately, rates are artificially pegged low), this actually results in a shortfall of supplied liquidity and a situation that sharply favors strong borrowers.