>Isn't it obvious this will lead to hyperinflation?
I thought that QE was going to lead to a lot of inflation, and it hasn't seemed to. If inflation has shown up anywhere, it's been in the stock market and housing prices due to low interest rates. Even then, I'm hesitant to say that it's primarily responsible for the rise in housing prices because I think demand from my generation (millenials) is helping to cause the sharp spike in markets such as NYC LA, Atlanta, etc.
> I thought that QE was going to lead to a lot of inflation, and it hasn't seemed to.
A major point of QE was to lead to significant inflation compared to not adopting the policy; without it, the projections were that significant deflation would occur.
So, it netted to very low but positive inflation, as intended.
> Even then, I'm hesitant to say that it's primarily responsible for the rise in housing prices because I think demand from my generation (millenials) is helping to cause the sharp spike in markets such as NYC LA, Atlanta, etc.
There's no spike, just a smooth continuation of a trend that has existed during most economic expansions (and even some recessions) since at least when Gen X were children.
I thought that QE was going to lead to a lot of inflation, and it hasn't seemed to. If inflation has shown up anywhere, it's been in the stock market and housing prices due to low interest rates. Even then, I'm hesitant to say that it's primarily responsible for the rise in housing prices because I think demand from my generation (millenials) is helping to cause the sharp spike in markets such as NYC LA, Atlanta, etc.