Global markets celebrate as Ben Bernanke launches QE2

Commentary on the Federal Reserve's second round of quantitative easing - QE2 headline writers, who always reminds me that it was time for a cruise - it was heavy, pro, pros and warm, though the stock market like it. Bernanke himself went into the game with a column in the Washington Post on Thursday in defending the purchase of $ 600 billion of Treasury, as critics such as James Grant, the explosion as simply "print money".

The argument - compared to inflation, deflation - is infinitely education, but few (the change is: nothing) to add. Interestingly, however, is the question that started at the time the Fed stepped in to try to rescue Bear Stearns, the central bank and politicization. Yes, this is a topic worth thinking about two days after fierce fighting, the fight bizarre policy.

What do we mean by "polarization" term, particularly in relation to the pillar institutions of the economy, the Fed?