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Brian -
To me the main thing that "could go wrong" (and probably will) is #4 in the article..."It won't work" while causing some inflation.
So you give more money to banks with no incentive to lend. What does that accomplish? The Fed is in a catch-22 if you ask me. They want to, and have achieved, keeping interest rates exceptionally low. However in doing so, the banks don't want lend for any amount of time (i.e. 30-year mortgages) with so little profit to be made for the risk.The easiest thing of all is to deceive one's self; for what a man wishes, he generally believes to be true.
- Demosthenes
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