A delay of consumption, IE a temporary increase in the standard of living of others due to an increase in the real purchasing power of money. Decreased supply = higher marginal value for existing units.
Here's a story I just wrote to help explain what the Fed's doing to wreck our economy. Please let me know if it helps. Normal 0 false false false MicrosoftInternetExplorer4 The Three Little Pigs and the Federal Reserve Crisis In their later years, they bought a yacht and sailed the seven seas...