The Federal Reserve has pumped $88 billion into the economy in the past week trying to stave off a stock market collapse cause by the subprime mortgage debacle. In addition, it has cut the
discount rate, which is the rate at which it "lends" money to banks. Talking heads in the establishment media immediately said, "money is one sale." They're right; money is on sale. Every dollar that the Fed pumps out reduces the buying power of every other dollar. The inflation balloon keeps inflating, yet the media points to the Dow Jones Industrial Average as the main indicator of economic health. The DJIA is relative. The money being pumped into it today has less value than it did yesterday. With the massive influx of money into the system, is it only a matter of time before the dollar hyperinflates? When and if that happens, it won't be a "market failure" but an inherent flaw in our current centrally planned economy.