Mystifying Monetary Meddling

Ben Bernanke and the Federal Reserve are at it again. They are facilitating the inflationary cycle, perhaps even to the point of hyperinflation, monetizing the national debt, and destroying the value of savings of America's passbook account holders. Six hundred billion dollars in the second quantitative easing is supposed to cure what the first boost to inflation of QE1 and a couple of trillion dollars in stimulus and bailout spending did not. It seems that the team directing the US economy both in the White House and in the independent Federal Reserve have never heard of the Wiemar Republic or Zimbabwe or are blithely unconcerned that their actions may trigger the cataclysm.