Wolf Pangloss
2008-05-27 13:21:24
Bernanke could do what Goldspan did at first and try to target some price for gold (or some other stable commodity). Raise interest rates until the price of gold settles somewhere between $250-350. That’d remove the weak dollar as a cause of expensive oil. I’d rather deal with the eco-luddites at the same time, but if not they can be handled after.
