"Quantitative Easing" Fnord

I noticed a new fnord phrase circulating. It's called "quantitative easing". The bad guys keep making up new phrases for the same evil concepts.

If you say "The Federal Reserve is printing a whole bunch of new money to bail out the banksters!", then that sounds evil. If you say "The Federal Reserve is adopting a policy of 'quantitative easing'.", then it sounds like they're doing something sophisticated and noble.

There's also been a lot of talk about "reflation" instead of "inflation". The stated goal of "reflation" is to bring the money supply back to previous levels, rather than causing massive inflation to bail out insiders. Consider any objective measure of inflation, such as M2, reconstructed M3, or the price of gold. By those measures, inflation is accelerating.

Terms like "quantitative easing" and "reflation" are fancy ways of saying "The bad guys are printing new money and giving it to themselves." The State creates no new wealth when insiders print new money. Via inflation, the bad guys steal from productive workers and give the proceeds to themselves.