4 ms·

QE is effective when inflation is low or negative. It creates a larger money supply. Inflation is already high.

• mono442 2mo ago
  It doesn't change the M1 which is relevant for inflation.
  • inigyou 2mo ago
    https://news.ycombinator.com/item?id=49147536 https://news.ycombinator.com/item?id=49147536
  • scoofy 2mo ago
    M2 and MB are also relevant.