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And it's not mostly about money creation!
This is sometimes described as a passive form of money creation.
It is always actively adding or subtracting from passive money creation.
Wall Street titans benefited not only from TARP but also from the Federal Reserve's money creation.
So perhaps his worries relate not to money creation but to foreign lending.
What if the foreign-exchange inflows flag and passive money creation is inadequate?
As they withdrew their funds, the banking system's normal lending and money creation went into reverse.
Passive money creation can be too much, too little, or just right from the central bank's viewpoint.
Probably not: whatever the likes of Ron Paul may believe, money creation isn't inflationary in a depressed economy.
A monetarist might recommend more money creation, even at the risk of inflation: "quantitative easing," as it's called.
Is it the result of excessive money creation, a harbinger of runaway inflation just around the corner?
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