Why QE Won't Create Inflation Quite as Expected

Click here to access article by Charles Hugh Smith from his blog Of Two Minds. 

The Fed can create money but if it doesn't end up as household income it is "dead money."

From time to time there have been reports in the media announcing "quantitative easing" by the Fed. Many observers see this as essentially printing money. This writer sheds some light on the effects of this central bank issuing money by looking at where the money actually circulates.