Does QE Drive Commodity Prices Up? The Supply Perspective

Is QE responsible for higher commodity prices?

QE has, over the years, been blamed, both accurately and inaccurately, for many things, one of which is higher commodity prices.

The logic here runs as such: international commodity markets are traded in US dollars, and since QE prints more dollars (untrue), dollar value goes down the toilet and commodity prices skyrocket!

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