No, we have had lower „inflation“ according to the CPI which is a single number for a multi-dimensional and connected phenomenon. The real impact can be seen in the price of large city real estate, tech stocks or luxury goods. Those certainly didn’t have low price increases.
The extra money largely ended up there because a side effect of the stimulus was that safe investments had negative real yields. In response people chased any positive real yield. This is why Pension funds invested in crypto, they could not guarantee their promised growth with just treasuries and aaa bonds.
The extra money largely ended up there because a side effect of the stimulus was that safe investments had negative real yields. In response people chased any positive real yield. This is why Pension funds invested in crypto, they could not guarantee their promised growth with just treasuries and aaa bonds.