Fed Chairman Ben Bernanke, who has been accused by many of setting the stage for an inflationary spiral through his asset purchase programs or QE (quantitative easing), recently said he has the best inflation record of any Fed chief in the post-war era.

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So that leaves the option of quantitative easing (QE), or creating more money to purchase assets.

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Then central banks resorted to quantitative easing (QE), a polite term for the creation of money.

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