Jack and Dave explain Quantitative Easing

The following video was created by Tugwit the Terrible and can be found on Mr. Tugwit's Channel. You may have to watch this more than once, I did.
Just imagine trying to explain this scenario on a news program to the general public. Imagine the news anchor or reporter trying to keep the audience's eyes from glazing over.

I was very pleased to hear that Rep. Ron Paul has been named to chair the House Domestic Monetary Policy Subcommittee when the Republican majority takes over the US Congress in the new year. This will give Rep. Paul oversight on the Fed and maybe shed some much needed light onto its actions. Last year Ron Paul authored a book titled End the Fed. We can hope.