The Fed is not "printing money"

"The idea that the Fed is "printing money" with abandon, and that this is seriously debasing the U.S. dollar, is a fiction borne of ignorance of how monetary policy actually works. Fed policy may indeed pose the risk of serious debasement in the future, but to date there is little or no evidence to suggest that this has occurred."

http://scottgrannis.blogspot.com/2013/03/the-fed-is-not-printing-money.html