[imtringued]

Actually the central banks are very good at causing inflation. The problem is that the only way to get access to central bank money is through a mortgage or a student loan. Corporations are not in need of financing beyond surviving the current lock down. So what we get to see is inflation in higher education and house prices.

If you want to borrow money from a bank as a 26 year old startup founder you are probably getting a bad deal with high interest rates. You're not seeing the benefit of the negative interest rates. Going from a 13% interest rate to 10% isn't going to magically make your startup profitable.

Basically the policies have an effect but they are completely inaccessible for those who actually need them. Because of the selective access the stimulus is actually causing market distortions that hurt those who don't have access to the stimulus.