One might as well try to perform brain surgery with a sledgehammer.
The Federal Reserve will not monetize the debt.
How much would you pay to avoid a second Depression?
A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money.
The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences.
While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S.