Bernanke Finally Grows A Pair, Finally

Thank you Ben Bernanke and the Fed for not “coming to the rescue”. This correction, like all corrections, needs to happen. It’s a good thing, and yes “This Too Shall Pass“.

Inflation is down. The dollar is up. As a result, crude oil is down. Another drop in the Fed funds rate would have put a halt to this good news.

I have been highly, I mean highly critical of Mr. Bernanke’s performance. But now I finally get to praise him. Keep it up Ben. Remember, your job is to fight inflation, not micromanage the American ecnonomy and bail out big wigs.

1 comment:

  1. glendean, 17. September 2008, 0:17

    After writing that post, I go somewhere and hear on the radio that the Fed is “loaning” money to AIG. Oh Lord. Bernanke still sucks.

     

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