Tuesday, April 21, 2009
Andy Kessler does a great job of laying out the current problem the Federal Reserve has with the printing of so much money - how do you unprint it or "Once the toothpaste is out of the tube, how do you put it back in". If you don't put it back in you get Inflation, potentially the hyper sort, but putting it back in the wrong way could ruin the economy. Its a tightrope and Kessler explains this tightrope, his conclusion is that Bernanke (Fed chairman) should be transparent and tell the world in advance his plans.
Scott Dauenhauer CFP, MSFP, AIF