Unprecedented Money Growth

The Federal Reserve has been on a rampage injecting billions and billions of dollars into our financial system. These injections have added an entirely unprecedented amount of liquidity to the system. Our monetary base has grown much faster than ever before. Clearly, the Fed hopes to jump-start lending after banks significantly tightened lending standards amid the falling home market. Yet, it seems that although we are crying out about recession and deflation during these trying months, we will be crying out over inflation for years to come!