Time for Plan B

This just in from the AP:

The Federal Reserve announced a $1.2 trillion plan three months ago designed to push down mortgage rates and breathe life into the housing market.

But this and other big government spending programs are turning out to have the opposite effect. Rates for mortgages and U.S. Treasury debt are now marching higher as nervous bond investors fret about a resurgence of inflation.

Increase the money supply,
and interest rates go up. I wonder why.

Let's blame the Chinese, who grew more cautious in lending
once they saw our plan for big-time spending.