WSJ Master Word Soup Chef Greg Ip Missplains the Fed and Argentina Flation

``Supposedly, by Ip's reckoning, the Argentinian buying stimulated inflation because it was purchased directly from the government. Supposedly, because the Fed, (and the ECB and BoJ) use middle men when they purchase government debt, that doesn't stimulate inflation. This is not only utter nonsense, it is illogical on its face. Because Ip is so well liked by his peers in the propaganda ministries, no one ever bothers to question his tortured logic. This problem is endemic in the financial media.''