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.
Commenting is not available in this channel entry.
Your monomaniacal insistence for the last two years that we are on the verge of horrendous and debilitating inflation has simply not come to pass!
How long do we have to go without significant inflation before you will own up to being wrong on this issue?
Next entry: Climategate: A Summary Review