Yes, except you forget in 2008 the credit markets were frozen and people were not sure if the banks had the capital (paper) to cover their losses and deposits. This time around we KNOW they have the capital and so do many corporations that made 25%+ profits this past few years and that these huge mountains of money are sitting there untouched. The second that money is released into the economy (my prediction is it will chase commodities) inflation is going to ram us hardcore. We already got a taste of it early this year when there were "signs of a recovery" these companies started just barely opening the tap and inflation was on everyones radar ( a reason gold is at the price its at imo).