[JasonC]

Wrong, I deny that gratuitous expansion of credit picks your pocket, not that it occurs or is deliberate policy.

[AndyJackson]

I deny that gratuitous expansion of credit picks your pocket

Oh really? Well, you are a fool because it also picks your pocket. All those folks who own Park Ave condo's, and fly private jets to vacation houses in the Virgin Islands. That was all bought with money derived through expansion of credit, and it is drawing on goods and services in the US economy, driving up the prices of goods and services that I would like to purchase with my salary. So yes, damned straight it picks my pocket.

[Travis McGee]

“Gratuitous expansion of credit” sure does pick your pocket. Ever hear of monetary inflation? That increase in prices you must pay is a result of the extra thin air money created. Every year your dollars are worth less, via this mechanism. It's not exactly a news flash.