4 ms·QE isn't inflationary?! Please explain this alchemy?by hndamien 9y agoQE isn't inflationary?! Please explain this alchemy?yxhuvud 9y agoI already did, a few steps up. It is a swap, not a printing press.hndamien 9y agoThat is not an explanation. Where do the debt and assets come from in this example?