People losing their jobs, major industries and businesses going under destroys savings and retirement plans much more effectively than does Bernanke pursuing a loose monetary policy. So I "feel about" that as the lesser of two evils. And the choice between two evils has been made necessary by the unwise trade polices that we have had for the last 30 years.
So far we haven't seen the hyper-inflation that the doomsayers have said is inevitable, because despite all the money pumping, he's simply offset the drop in money supply from the credit freezes.
When the credit market starts pumping money back in, Bernanke will have to start selling the debt he bought up or there will be inflation. But we won't get to that until unemployment is down.
Your answer is reasonable given the circumstances. (Pick your poison). Especially about the trade policies.
Whether by design or stupidity we are De-Industrializing the USA.
The FR is understating the inflation rate for political reasons.
Because hyperinflation hasn’t arrived yet doesn’t mean that it won’t get us. Kinda of like jumping out of an Airplane, your doing great until the end.
Even a 50% devaluation of the dollar over 5 years is going to really hurt a lot of people.