The best explanation I've seen for why there has been low inflation, notwithstanding the fed printing money like there's no tomorrow.
Is Inflation Still a Thing? | National Review
How a change in the Fed’s framework took us from funny money to crony credit.
Alexander William Salter
One of the side-effects of this has been to push interest rates so low that elderly retirees are forced out of safe investments into riskier investments in order to earn a return on capital. It's a disaster waiting to happen for anyone who doesn't have the runway in their life to recover from losses.
