"Much have I seen and known; cities of men And manners, climates, councils, governments, ...the fortune of us that are the moon's men doth ebb and flow like the sea, being govern'd, as the sea is, by the moon" [Henry IV, I.ii.31-33] HISTORY NEVER REPEATS ITSELF, BUT IT OFTEN RHYMES "There is a Providence that protects idiots, drunkards, children and the United States of America." Otto von Bismarck
Thursday, December 13, 2012
Fed Quantitative Easing = Printing Money = Failure
Inflation used to be the bugaboo of the Federal Reserve. Now it appears to be Fed policy. Bernanke is a failure and nobody in DC is providing leadership on the economy or on anything else. Unless you call "leadership from behind" what it really is, pulling something out of the presidential ass in reaction to things going wrong.
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