Fed adds $200Billion to ease credit crisis

another $236billion has been added to try and alleviate the credit crisis and stop the US economy from imploding.

Wouldn’t it be nice if we could just ‘create’ $200billion out of thin air whenever we needed it? (or even just the odd $100,000 here and there).

Just what the long term impact will be on the economy and inflation is unclear, but the financial markets responded well to the bail out. Probably because they are just as enmeshed in selling us the credit fiction as the banks.

check out the details here