I don’t understand the big issues of economics, so perhaps this is a naive post. And a naive question, perhaps: Isn’t inflation the inevitable result of these policies? Doesn’t that discourage productivity? Besides enabling bad behavior, dissing good, abrogating contracts, and taking property (Kelo), how is the government ensuring a strong economy down the road? As someone who is regularly paying down a mortgage – hoping to pay it off in 5 rather than the original 30 years – I’ve been wondering if that, too, isn’t a chump’s act. Projected inflation is, of course, a good deal higher than the interest. Everyone seems agreed that dollars in, say, 2013, will be worth less than in 2009. Why, then, should we pay it off in 2009 dollars?