Backwards Bernanke

Just when I thought Ben Bernanke couldn’t be more of a putz…

“The dollar surged on Tuesday after Federal Reserve Chairman Ben Bernanke warned the weak U.S. currency posed a risk to inflation, adding to views the central bank could raise interest rates later this year.”

Say what?! I’m not economics expert, but last I checked the Fed’s willy-nilly printing money out of thin air contributed to the weak dollar, which in turn contributed to inflation – not the other way around. And people wonder why I don’t trust the Fed…

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