But it didn't devalue the dollar, inflation's been really low for the last 7 years. Honestly it doesn't make much sense, and should really make people hesitate

But it didn't devalue the dollar, inflation's been really low for the last 7 years. Honestly it doesn't make much sense, and should really make people hesitate to pursue deflationary measures. China's fiscal policy does serve to deflate the dollar, so that counterweights QE a little, but that much? Maybe, I guess?