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

Posted by .(JavaScript must be enabled to view this email address) on 07/13 at 12:28 PM
  1. But the stock market bump has already deflated.
    Posted by .(JavaScript must be enabled to view this email address)  on  07/14  at  01:09 PM
  2. Tom,

    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?

    If we go another year at this very low inflation rate, would that be enough to get you to reverse you position?
    Posted by .(JavaScript must be enabled to view this email address)  on  07/21  at  12:41 PM
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