Japan’s central bank has announced that it intends to double the money stock over the next two years. As widely reported this is to be done by buying bonds. The trading floor cynic thinks it would be a whole lot easier to just do a “two for one” split.

To be serious, this is another example of “Do Whatever It Takes” to get CPI inflation up to 2 percent. This will be done by boosting the money supply, but the “inflation” desired in the consumer price index has been going elsewhere. Mainly in driving financial assets to precarious levels.

No matter how fancy the theories or “new” policies get, the main purpose is to fund the experiment in unlimited government. In which case, the not-so-hidden agenda is “Doing Whatever it Takes” to get their hands on your money. Taking whatever they can get.