Now that the Fed has cut interest rates as low as it dares and the economy is still in the tank, the Fed is going public with the strategy it’s been using for the last year: printing money. ‘Cause that worked so well for the Weimar Republic. The strategy led to Germany’s fall and Hitler’s rise. In the present case, it’ll probably delay a world economic collapse for a few weeks or months. But the long-term effects will be horrific. Not that any civilized government has ever cared about long-term effects.