My latest blog, Incompetence is the Charitable Explanation of The Federal Reserve Board’s Behavior, is available on American Thinker. To read it click here.
This article addresses the blatant mismanagement of the economy by the Federal Reserve Board of Governors through their policy of quantitative easing and zero interest rates in light of clear and convincing evidence from the US and around the world that inflation is rapidly rising in every sector of the world’s economy. Despite the incompetent words of some Federal Reserve Governors, I use facts from the US and around the globe to show that inflation is rearing its head in some of the major commodity markets as a precursor to 1970′s style inflation. While many influential investors and bankers have raised the alarm, the Fed continues its reckless policies of printing money.