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Food prices did increase after 2008, but it wasn't overnight because the QE wasn't overnight. Between 2008 and 2015, the Fed’s balance sheet, its total assets,
by Xeoncross 4y ago
Food prices did increase after 2008, but it wasn't overnight because the QE wasn't overnight.
Between 2008 and 2015, the Fed’s balance sheet, its total assets, ballooned from $900 billion to $4.5 trillion. Likewise, food prices also increased.
However, this time we injected over $6 trillion in only a few months. A much faster rate of growth resulting in quickly rising inflation.