The writers are trying to glorify what amounts to a cheap trick on all America's trading partners and allies, another scam even bigger than the ones we've seen.
It doesn't matter what academic terms Bernanke uses to cover it.
What the U.S. is doing is to embark on an inflation that will penalize all those holding dollars, an involuntary tax on people all over the planet.
That's how it’s going to pay for Bush's gross excesses.
It's done this before: we saw the same behavior after the idiotic and incredibly costly Vietnam War.
Now it's going to do the same for its equally idiotic, and even more costly, adventures in Iraq and Afghanistan.
Of course, the American dollar is already being questioned as the world reserve currency, and rightly so.
