Peak Debt---Why The Keynesian Money Printers Are Done | David Stockman

``Today's Spanish anecdote is just another proof that central banks are pushing on a string; that is, aggressively and incessantly pumping money into financial markets even though the result is wildly inflated asset prices, not expanded business activity. But as is always the case with central bank created financial bubbles, the beneficiaries are happy to pocket the windfalls while the apparatchiks blunder on---- pretending not to notice the drastic financial distortions, malinvestments and mis-pricings all around them.''