Bernanke has lost his marbles
 

http://finance.yahoo.com/blogs/break...180402117.html


will the insanity ever stop

I can't figure the move out either because Q1 and Q2 did not work, so the likelihood of a QE 3 actually creating permanent jobs in the economy is slim. It’s more likely to be a ploy to artificially inflate the economy for the next few months—let’s say November--or we're closer to an actual depression than we realize. I was always under the impression that the Fed's job was to insure a strong dollar. Oh well, we can always say “Hey, I remember when gas was only 4 dollars a gallon.”

Ron, you're spot on.

Ditto Ron

My guess he is trying to lessen the US debt by inflation. Make the dollar worth less and the debt is less.

This appears to be a classic example of "trickle down"" economics. For example, a large company such as Caterpillar should benefit greatly be cashing in old bonds and reissuing new ones at a lower rate, and if inflation stays in check, this may work well for them. Caterpillar has announced they'll be expanding their plant and hiring, but I don't see why the Dems. aren't screaming bloody murder, unless they like the side benefit of expanded government regulation, interference in the economy and the weakening of the dollar. I guess it's a "win-win" for both parties. Unfortunately. we the people will get the shaft because someone will have to pick up the tab. Too bad only Harvard economists are allowed to run things . If I were in charge, I'd redistribute $40 billion a month to every voter until things get better.