That’s Hank Paulson Republican ideas. The Federal Reserve has done nothing but exascerbate the situation with its quantitative easing.
I disagree. The FED has eased in response to unemployment rising. The FED is just trying to keep the patient alive long enough for the country to come to it's senses and throw out the big spenders in Congress and adopt some reasonable energy and trade policies.
And while you've seen some inflation, you've not seen the massive amount of inflation that FED opponents projected because mostly the FED simply countered the massive drop in money supply that occurred from the fall off in bank lending.
People who wanted the FED to do nothing and let the economic crisis turn into a full blown depression to teach congress a lesson, have no idea what they are asking for.
And people who think Congress can't borrow on a gold standard and promise that your children will repay in gold no matter how expensive or manipulated gold is need to think again too.