“Ben S. Bernanke, President Bush's nominee to lead the Federal Reserve, will have to fend off two contradictory perceptions at his Senate confirmation hearing on Tuesday. Some Democratic lawmakers worry that Mr. Bernanke, who has contended for years that the Fed should set policy according to an explicit inflation target, will be too focused on price stability and not attentive to employment. Some bond investors, by contrast, fret that Mr. Bernanke will be soft on inflation.” (New York Times, Tuesday)
The man who would water down our money year in and year out.
FEE Timely Classic
“Age of Inflation” by George Koether