5.5 Trillion stolen so far, why stop now?
New York Post
Bernankes Bad News
By CHARLES GASPARINO
Last Updated: 11:06 PM, September 13, 2012
Bernanke is well aware of the consequences of printing money: commodity price inflation (higher oil and food prices) and a further debasing of our currency.
And he knows that at some point hell have to do just the opposite, and start contracting the money supply and raising short-term rates before full-fledged inflation kicks in. When he does, the wealth effect of a rising stock market will evaporate, and so will the rest of the economy.
We have so many trillions just sitting there waiting to be printed, it's such a waste to a progressive society.