Wednesday, January 27, 2010

Hands Over Eyes

World serves its own needs
Listen to your heart bleed
Tell me with the rapture
And the reverent in the right, right
--REM

A couple nights back I was watching a Conservative talking head bash the current administration for spending money we don't have which is putting our future at risk.

When the subject turned to Ben Bernanke's reappointment, however, the pundit staunchly defended the Fed chair, claiming that Mr Bernanke's actions have been vital to market lifts worldwide and that not reappointing him might precipitate a severe market pullback.

Just one example of the ignorance, or hypocrisy, displayed by politically-minded people who treat fiscal and monetary policy as mutually exclusive. In reality, they are joined at the hip.

And together they're breaking us.

No comments: