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The Federal Reserve's role in the financial crisis.
Make what you will of these puzzle pieces.
"The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost," Bernanke said in remarks to the National Economists Club in Washington in November 2002.
"By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services," he said.
During that speech, Bernanke added that "prevention of deflation remains preferable to having to cure it. If we do fall into deflation, however, we can take comfort that the logic of the printing press example must assert itself, and sufficient injections of money will ultimately always reverse a deflation."
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101: Spike in Money Supply Caused Inflation
Media oversimplify problem, rely too much on consumer price index
8/27/2008
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Greenback Game
Will the Bush administration's cheaper-dollar talk backfire?
10/5/03
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Dollar Weakness Ahead: The Fed Will Print Money To Avoid Deflation
08/02/2003
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Discontinuance of M3
November 10, 2005
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Fed plans monetary inflation
Nov 11, 2005
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Why the U.S. Dollar Constantly Loses Value
November 24, 2006
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Fed's Money Supply Armament is Underway
January 08, 2006
http://www.safehaven.com/article-4403.htm
The Dollar Devaluation Debate
October 28, 2007
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How the Fed Lost Control of Money Supply
Feb 6th 2007
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Gold, the Dollar and deflation
Monday 3rd September 2007
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Second Great Depression
02/21/07
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The Fed's Managed Deflation
03/19/2008
http://www.depression2.tv/d2/node/49
The Number One Reason Why I Don't Like The Dollar
21/08/2008
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Inflation, Deflation, Real Estate, The Dollar and Their Effect On Equities
March 15, 2007
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Republicans Zero In on Fed’s Role in Commodity Inflation
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