Wednesday, August 20, 2008

WSJ Op-Ed: Inflation is a Clear and Present Danger

Brian Wesbury is one of my favorite economists and he is saying exactly what I've been saying for months now. Interest rates must go up. I know that I am (and he) are not popular for saying this, but inflation is not steady right now and in order to avoid a revisit of the Great Inflation (70's and early 80's) we need to take action now.

This article lays out an excellent argument why the best medicine is in fact for the Federal Reserve to raise interest rates.

Scott Dauenhauer, CFP, MSFP, AIF