Printing $200 billion to shore up stock market with cheaper dollars.
The way to inflation is two-fold. First, hold down interest rates, jacking up prices.
Second, print more money, making each dollar worth less so that it takes more of them to buy things.
People who hold dollars are taking a beating, even though prices can stay stable.
This is insanity, a desperate attempt to stave off the inevitable until 2009.
Arf