> shortage of risk-free assets Risk free assets don’t exist. So by definition, they are always in short (0) supply. Even treasuries are at currency, inflation

> shortage of risk-free assets Risk free assets don’t exist. So by definition, they are always in short (0) supply. Even treasuries are at currency, inflation, and interest rate risk. If you are using risk free as a synonym for us treasuries , that’s what qe has been pumping into the system. Are you saying you want even more qe ?