Federal Reserve Chairman Ben Bernanke frequently points to “low inflation” as justification for a continuation of his current policy of Quantitative Easing (QE1, QE2, QE3, QE4). Simply put, Bernanke believes, (or is betting), that he can continue to flood the economy with newly printed, nearly worthless dollars because inflation is still low and deflation is supposedly the real problem.
Obama And Boehner Agree On General Framework For Lying To American Public
December 19, 2012 by
As the fiscal cliff negotiations continue over who gets to pay more income taxes, the good news is that President Obama and House Speaker Boehner have made significant progress. They’ve already got a framework in place for exactly how they plan to mislead the American public about the economy and inflation. Once that is done, it’s relatively easy to cut the deficit and tell the public that things are OK.
