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I know this must have been asked before, but it is a topic I still cannot wrap my mind around. From start to finish, how does this happen? Who gets the money? I know it has something to do with the Fed buying securities of some sort, and the money used to purchase them is created out of thin air. But...
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I was following the LiveBlog on WSJ. Here's a link to the FOMC statement.
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I have been under the impression that the government's inflationary policies would cause a devaluation of the dollar. This does not appear to be happening. Is it possible that it will not happen because other countries will continue to view the US economy as relatively stable, and so will continue...