This thought occurred to me several months ago. With Ben’s ZIRP policy, how is this in reality any different than the Congress creating it own money?
You take a bucket to the deep end of the pool. You fill up the bucket with water, and then proceed to the shallow end of the pool. Pour the bucket of water in the shallow end. Now, please note how the shallow end is getting deeper, and the deep end is getting shallower.
Tah-Dah!
OMG.