Ben Bernanke has just announced another round of "quantitative easing" to boost economic growth. "Quantitative easing" is printing money. In addition to purchasing $40 billion in mortagage-backed securities a month, the Fed will now buy $45 billion in U.S. Treasury securities.
The first three rounds of easing failed to lower unemployment and it's unlikely the new round will succeed. Money printing doesn't create wealth. New money enriches the first receivers before it reaches the rest of the public. That's why Senate Majority Leader Harry Reid has to be pressured into supporting a bill to audit the Federal Reserve to see who exactly benefits from the central bank's monetary policy.