are approximately equally inflationary, over time. Exactly. Both terminate in the end of the US as the world's reserve currency, with the yuan as its obvious r

are approximately equally inflationary, over time. Exactly. Both terminate in the end of the US as the world's reserve currency, with the yuan as its obvious replacement. China has already signed deals with Russia, Australia, Brazil, Turkey, and the UAE to eliminate the USD from bilateral trade. [1] Your arguments appear to be directed at people who support the Republican party or are concerned about the partisan points here. Bush, Obama, Bernanke, Greenspan, Krugman, and the whole gang are peas in a pod. Bush won reelection in 2004 by having Greenspan inflate a housing bubble with Krugman cheering[2] the Fed Chairman on. Obama won reelection in 2012 by having Bernanke re-inflate[3] a housing bubble with Krugman cheering the Fed Chairman on. [1] http://www.forbes.com/sites/jackperkowski/2012/06/26/china-busy-signing-currency-deals/ http://www.forbes.com/sites/jackperkowski/2012/06/26/china-b... [2] http://www.nytimes.com/2002/08/02/opinion/dubya-s-double-dip.html http://www.nytimes.com/2002/08/02/opinion/dubya-s-double-dip... To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble. Paul Krugman: August 2, 2002 [3] http://www.bloomberg.com/news/2012-09-13/fed-plans-to-buy-40-billion-in-mortgage-securities-each-month.html http://www.bloomberg.com/news/2012-09-13/fed-plans-to-buy-40... The Federal Reserve said it will expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month in a third round of quantitative easing as it seeks to boost growth and reduce unemployment.