Thanks. I need to read this when I have the time -- my initial reaction (from skimming) is that it keeps insisting that increasing money supply does not cause inflation because of the Fed pumping money into the economy, and giving it to investors who are not spending it.

Giving it to the poor, who have a higher marginal utility for their dollars, should cause more inflation than giving it to the rich. Again, from skimming, they seem to mention the idea of it being more useful for the poor, but dance around actually addressing it directly.

Thanks for including the source - that was my question as well.