'Lately the inflationistas have seized on rising oil prices as evidence in their favor, even though — as Mr. Bernanke himself pointed out — these prices have nothing to do with Fed policy. The way oil prices are coloring the discussion led the economist Tim Duy to suggest, sarcastically, that basic Fed policy is now to do nothing about unemployment “because some people in the Middle East are seeking democracy.”'
FED HAS NOTHING TO DO WITH OIL...? WHAT ABOUT THE COLLAPSED DOLLAR...?
THIS DISCUSSION IS PROOF THAT WE ARE SO DAMNED DOOMED...!
