QE3?

Many of the problems Americans face can be dealt with by creating some inflation in our country. Most of our debt is in nominal, not real terms (something we will get into more later). We have the cost of our mortgage exceeding what we can pay (evident by the large default numbers) and we have a national debt too large (in many people's opinion at least). If we had some inflation this would "ease" these problems that households and our nation faces. So how do we get inflation? By a process called "Quantitative Easing" and for the first time it looks like we may do round three of this, thus Quantitative Easing Three (QE3). We will talk more about this later, but it steps outside the typical Federal Reserve actions.