Still Printing

I fear I'll do some damage

One fine day

But I would not be convicted

By a jury of my peers

Still crazy after all these years

--Paul Simon

This article raises an excellent question. With inflation soaring, why does the Fed continue in Quantitative easing?

Stated differently, how does printing money to buy assets do anything but add to the inflation problem? Indeed, classically defined, inflation is money printing.

The answer seems obvious.

Postscript: The Fed just released its POMO schedule for the next 4 weeks.

It plans at least another month of QE-related money printing and asset buying.