Yeah but the result of it is totally different. You speak as though all of the money created has the potential to create massive inflation at any moment. Fact is that a lot of it no longer has that ability as its potential has already been spent to prevent a deflationary event. Some of it can still cause inflation but a whole lot can't.
There is a whole other set of currency that is stowed away by those who hold treasuries. That inflation potential is real and still exists. But that is a different story.
It is kind of funny to me that everyone slept right through the biggest inflation event of my lifetime, the housing bubble. Rent replacement in lieu of housing prices lulled away the devastating effects of asset price inflation while ignorant know it all pundits and political hacks spoke of the great moderation and the Bush Miracle. Bwahahaha! :p
It is all part of the mutated economy. Getting this beast healthy and on its feet is going to be quite the shock to the system. It is too bad we can't make a list of all those coin operated economists and pundits who have been wrong almost all the way along the line and pass a law that they be silenced on matter economics. It would be nice to have some responsibility brought into that profession... and silence a lot of the self serving foolishness that hinders truth finding.
Will
