The low interest rates observed in the 15 years after 2008 were caused by deflationary pressure and high demand for safe liquid instruments, not by quantitative easing; interest rates fall when market participants flee toward safety, and central banks buy the same safe assets afterward, not before.
causalpending
Speaker
Jeff SniderEvidence Quote
“interest rates go low and they stay low because this lack of money lack of credit creation produces a high level of demand for safe liquid instruments”
Created: 8/12/2026, 10:39:49 PM
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