1) destroying the value of the US dollar,
You are blaming the US government for this? First, I disagree that the value of the dollar is 'destroyed'. Since I don't see your citation, I will provide mine: http://moneycentral.msn.com/detail/stock_quote?Symbol=/EURUS/
Further, do you think the governement has a lot to do with the economy? I think the people who irresponsibly [traded|mortgaged|spent|etc] are to blame for our current condition.
Continue to believe the government when they say there is no inflation
The little I know about economics tells me that much of it is a mind game. If the masses lose faith in the system, the repercussions are magnified. If people keep a calm head and try not to do anything drastic, the 'invisible hand' of the market will correct the inefficiency with minimal collateral damage. I recognize that it is a fine line between outright lying and slowly announcing truth to help minimize effect. Like I started, I am not an economist, and from the sounds of it, neither are you. Let us both decide to keep our sweeping generalizations to ourselves, and try not to believe everything you see on Fox News.
I have never seen anything fill up a vacuum so fast and still suck. -- Rob Pike, on X.