It is, at least sometimes, like in the UK car market: https://www.ft.com/content/9b727552-b48e-11e5-8358-9a82b43f6b2f https://www.ft.com/content/9b727552-b48e-

It is, at least sometimes, like in the UK car market: https://www.ft.com/content/9b727552-b48e-11e5-8358-9a82b43f6b2f https://www.ft.com/content/9b727552-b48e-11e5-8358-9a82b43f6... Car sales growing constantly, 80% of all purchases via borrowing. Prices are up too, but not radically so. The assumption that money printing/QE leads to increased prices is based on the assumption of relatively limited supply for all things: certainly true in the past when mass manufacturing was relatively new and constrained, but given the huge drop in capacity utilisation after the Great Recession it seems you can grow consumption in some markets quite radically without driving up prices. So if you print tons of money and it ends up in circulation via loans for cars, it may simply result in lots more cars being made and sold but not really big price increases. It may still reflect misallocation of resources, however. House prices are a huge problem because supply is heavily constrained by building codes, the desire to live in cities, etc and people got it in their heads that a house is an investment whose price always goes up, so they're willing to pay an almost unlimited amount for one if they can get the credit. This isn't true for most other markets.