Quantitative easing has had many undesirable effects since it arrived on the scene during the Great Financial Crisis. Easy money policies have sent stock and bond prices soaring, created real estate bubbles around the world and sponsored the private market tech bubble, which has led to a record number of so-called ‘unicorn’ coming into existence.
And as the duration of central banks’ easy money policies are extended, investors and savers are becoming more entrepreneurial in finding ways to achieve a return that money without being punished by central bank actions.
As of yet, only a few central banks have gone so far as to introduce...
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