If the Federal Reserve creates funds with simple computer keystrokes using procedures like quantitative easing, and has been doing so for years without inflation setting in, it would seem obscene that the United States, and for that matter the world, is using this power so sparingly to improve the economy of all people. That should be the outrage, not retaining a tax cut for the rich. How can so many people, including politicians, have so many opinions about politics, without a real understanding of how money is created? It's sad that the corporate-media-complex muddles and inflames the masses in a constant hype of distorted controversy. That's the real news story.
In the States there's tangible evidence the stimulus is working as planned. China and Japan's economic dominance is directly attributable to their government's massive debt implementation and successful lending programs. This system of creating government backed credit for productive investment could work world wide... if financiers were to consent. The most intelligent woman I know, economist Ellen Brown, offers fascinating insights into the creation of money and its potential for economic recovery.
