Thursday, February 28, 2008


You really have to sort of feel sorry for Fed chairman Bernanke. Running the printing presses is the last thing you want to do when inflation really gets rolling, but not increasing the money supply will doom major chunks of the economy. And this is an election year, after all. Not that anything will save the Republican party at this point, but I'm sure there is significant political pressure to keep the presses rolling, creating yet another bubble economy that will pop on someone else's watch. Personally, I don't see that working real well if prices of basics like food and gas take a significant jump as they seem poised to do.

This should be an interesting summer.

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