Will more monetary injections work to puff up the economy? They might, but only temporarily. There comes a point at which no matter how much the Fed floods the markets with credit, it can still find no takers. It's happened before: in 1930 and following, for example. The Fed tried desperately to inflate but to no avail. It could happen again.
~ Lew Rockwell, "The Fallacy of Money Mania," LewRockwell.com, November 30, 2007