rubin hood
i have no proof either. let me 1st say that although i don't want to start en epic discussion re. this topic on this thread since obviously this is probably not the place, i feel compelled nonetheless to observe the following: isn't this a question of imputation? that is to say, is the debasement of the USD an unavoidable fact due to necessity, that is, the Fed having no other choice but to turn to QE, in which case no one is holding the hand of history.
OR was the whole affair engineered since the beginning? and by beginning i mean since the days of greespan as some economists have argued that the economics of productivity increase without a fundamental manufacturing base can only be sustained in the short term by unsustainable credit inflation, hence the various bubbles we have seen popping over the past decade. some even argue that without the Fed's credit favorable policies the real economy would have, if not collapsed, at least taking a serious downturn not in 2008, but back in the 90s already. hence greespan and co.'s efforts to boost it artificially. and now we are facing the end game.
if i may recommend a good book that helps frame this topic in a more articulate way, read cambridge economics scholar ha-joon chang's book '23 Things They Don't Tell You About Capitalism'. also joseph stiglitz, paul krugman, and nouriel roubini will help fill in the picture.
but personally, i believe necessity was a convenient accomplice. ;-)
