Japan’s Monumental QE Has Done NOTHING for Its Inflation or Growth

Japan has already proven that money printing doesn’t lead to much higher inflation, and certainly not hyperinflation… especially when in a deflationary period of debt and bubble deleveraging like the 1930s. Such an environment destroys money and creates deflation, with fewer dollars chasing goods and services.

The truth is, Japan TRIPLED down on its money printing efforts in 2013 after 14 years of more typical levels of QE… and it had a minor impact on inflation or the economy.

Look at this chart…

 

 

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