From Economic Policy Journal:
Does Ben Bernanke Have a Diabolical Plan to Help Treasury Finance $2 Trillion?
...Now, I'm wondering if the too clever by half Bernanke may have a diabolical plot to finance the record $2 trillion debt the Treasury is starting to raise. While China and pretty much everyone else are watching to see how much money the Fed is going to print to absorb the record debt, maybe Bernanke is going to fake out everyone and go in the opposite direction.
In the summer of '08, he nearly crashed the entire economy when he stopped printing money. A byproduct of the crisis he created was a flight to quality, i.e., Treasury securities. Has the over perfumed Bernanke decided to squirt one more fragrance on top of the mad mixture he currently employs? Is he working toward another September panic that will frighten everyone into a flight to quality, i.e., Treasury securities, that will provide the cover the Treasury will need to unload the $2 trillion in debt that they need to unload? Is this what is going on? I don't know, heavy perfume gives me a headache, and it is hard to think straight. But just like last summer, Bernanke is slowing the money supply.
