> QE hasn't led to inflation before, because most of the new capital created just ended up in paper assets like securities. Ah, well summarized. > competing

> QE hasn't led to inflation before, because most of the new capital created just ended up in paper assets like securities. Ah, well summarized. > competing for the same used car What happens when labor no longer has the money for non-essentials? Thoughts on how real estate will come into play?