The View From 1776

Fed Inflates The Dollar and The Stock Market

Two headlines in today’s Wall Street Journal website summarize the destructive effectiveness of the Federal Reserve’s monetary inflation policies:

Bernanke: Fed Ready to Act if Needed

Stocks Surge on Fed Hopes
U.S. stocks jumped as investors saw hope for further economic stimulus in the form of “QE3” from the Federal Reserve.

As I wrote last November:

Note that it