This suggests deflation. So, if beneath the QE we have deflation of say -5% and our stated QE inflation rate is 1%, then we have a real inflation rate of 6%.
My thoughts are this is an ignorant statement. You use deflation to mean "prices", while inflation means "increase in money supply". Talk about being as obtuse as possible when describing economic fluctuations. QE is picking up the slack of where credit money disappeared due to the recession. Learn how money actually works, and stop eating what bitcoinomists feed you.
Cheers.
I summarized something I read in a very simple way, but gee, consider me put in my place.
I'm not eating anything people tell me to. If I were, my language would have been different and my statement more definitive. Alas, I wanted to get people's thoughts.
Try comprehending the whole statement before you get so condescending.