This Fox News story via Wall St. Cheat Sheet was clearly the best headline stemming from yesterday’s events.
If so few people are worried about inflation or other negative consequences of current central bank monetary policies (just a few regional bank presidents in the Midwest seem to object to what they’re currently doing, but they get all the press), why not print $170 billion per month? Not long ago a former Fed official suggested that $30 trillion would be a good amount of money to print. At just $85 billion a month that would take decades. At, say, $250 billion a month, it could be accomplished in just ten years.