Here we go again? Maybe:
Federal Reserve Chairman Ben Bernanke on Tuesday offered few new clues on whether the U.S. central bank was moving closer to a fresh round of monetary stimulus, even as he underscored his concerns over the economy’s weakness.
Easy money helped get us into this mess. Easy money hasn’t gotten us out of it. And easy money has helped our betters in DC — of both parties — to hide just how deep a grave they’ve dug for us.
You want recovery? Give us a strong and stable dollar, some sane interest rates that don’t make beggars out of savers, and get the regulatory boot off the economy’s neck. And, hey, even if it didn’t work, it would enjoy the novelty of not having been tried for more than a decade.