Of course that is exactly what it will do. This surely invokes...

Of course that is exactly what it will do.

This surely invokes memories of the Weirmahr Republic and wheelbarrows full of banknotes.

Before Bernanke was appointed chairman of the Fed, he infamously said that if the US economy were to be faced with DEFLATION, he would print, print, print. Well, I believe that he is STILL terrified of the prospect of deflation (although personally, I believe that the even worse malaise of stagflation may be rearing its ugly head).

Alan Greenspan was a wily old fox. He knew that the US economy would eventually hit the wall, and he believed that if he (Greenspan) told George W Bush that Bernanke would be the best candidate to become Fed chairman, he (Bernanke) would create such a mess that he (Greenspan) could escape blame-free.

In the final analysis, who cares who is at fault when the US economy finally goes down the gurgler.