01/22/2013
https://www.congress.gov...
"It has nothing to do with monetary policy or interest rate manipulation."
"The true definition of 'inflation' is when you increase the money supply."
"So you are saying, if you buy $300 billion worth of U.S. Government debt, that is not inflationary."
"Who suffers? The consumer, the people who lose their jobs, the poor people, the middle class."