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| http://mises.org/daily/5120/Is-QE3-Ahead
.......Another truth is that the Fed doesn't really care about inflation as much as it cares about the solvency of the banking and financial systems. Bernanke would drive us right into hyperinflation to save his industries. Savers living on pensions just don't have the political clout to stop the money machine.
And contrary to Bernanke's promises, he does not have the ability to turn off the monetary spigot once prices start zooming. The economy is too globalized for that. Keep in mind that although the Fed has loads of power, it has no power to control inflationary expectations and the demand for cash generally — and in hyperinflationary environments these are the driving factors.
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- QE - zenfarm : 4/4/2011 22:43
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QE
