Originally Posted by
Phudnik
Again, IANAE, but I am told that the argument is that a "looser" monetary policy could encourage hiring by boosting output, at the risk of an uptick in inflation. Bernanke has testified that his goal is to prevent the latter rather than encourage the former.
I too am worried about inflation, what with the hundreds of billions of dollars they essentially pulled out of their a$$es. I'm all for government helping out when there is a demonstrated need, but handing out metric butt-tons of cash to people who already made billions is a very
way to go about it. That cash outlay has to hit the economy at some point, just like the sub-prime mortgages did in 2007 and 2008.
Of course, it should be noted that I know almost nothing about anything. :-: