|
|
|
|
|
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. |
|