@[email protected] has moved on Nostr: The key issue here is how the creation of credit impacts on asset values & their ...

The key issue here is how the creation of credit impacts on asset values & their treatment in the recording of inflation.... so, we are sometimes told that QE (a massive creation of credit) didn't really cause any inflation, but actually it did in asset markets (and continues to do so) but these (housing & shares especially) are not included fully in inflation measures, hence obscuring the role of credit creation (I'm not a monetarist but the effects are also not trivial)