This follow-up to the wildly popular original YouTube hit Quantitative Easing Explained covers such subjects as how quality improvements in the iPad 2 keep inflation low and how Fed money printing rewards the wealthy while punishing the poor.

Though its popularity pales in comparison to its predecessor (about 5 thousand views vs. 5 million views), it’s still worth a look if for no other reason than this quip:

I have figured out the formula for predicting the Fed’s actions. First, you take a past policy that has been a complete bust. Then you double the size and do it twice as long.