| http://www.w3.org/ns/prov#value | - Because the whole point of my post was to show why that path of causality is erroneous.I still maintain QE is an asset swap (no new net assets added to the financial system), and unless the addtional reserves spur an increase in bank lending, then it is inflation neutral and technically slightly deflationary (since interest income from the Treasurys is diverted to the Fed vs. the private sector).H
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