Japan monetized 50% of its national debt. Why has there not been a surge of inflation? And why can’t the Fed restart QE and do the same?
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Asset-price inflation feels good to asset holders – until it doesn’t I was asked two important questions in this mind-boggling era of QE: The Bank of Japan has monetized 50% of its national debt; so why …