Printing money is not saving the economy…and it is not creating capital.
It destroys wealth, and not just “the rich guys” booty either, is destroys the wealth of those who are paid in dollars, subsidized in dollars, save dollars, and invest in dollars.
QE is quantitative Easing, once called “Printing Money Out of Thin Air”, made more palatable by being called QE, as if it were a surgical life saving tool or cute doll made from hemp by fair trade children from the Hinterland.
QE 2 is a gift from the left, Bush, and Obama. It is a gift that will keep on giving well after the 2012 elections, likely, a gift that will make everyone less prosperous and that’s the point. The left equalizes by leveling everyone down to stomach socialism and Grecian riots.