From Lyn's past article on Japan it is showed that over the past "lost" decades in Japan, the private sector debt has been dramatically reduced while the public

From Lyn's past article on Japan it is showed that over the past "lost" decades in Japan, the private sector debt has been dramatically reduced while the public sector debt has taken it's place. I really wish she looked into that for this topic. It's not just the QE, it's not just the lowered interest rates. You need to look at the balance of the money supply compared to the GDP. In America corporate and public debt are ballooning, and that's a direct result of Fed policy. In Japan, even with low interest rates and public debt super high, their money supply is in balance, and so their equality is balanced.