Friday, May 29, 2009

Krugman Vs. Ferguson

Looks like I'm not the only person crazy enough to take on Nobel Prize winning Krugman. Nial Ferguson writing for the Financial Times takes a swipe as well.

Ferguson argues that Monetary policy is what has helped the recovery, but fiscal policy is hurting us as the Fed and Treasury begin to engage in a boxing match of their own. Does the Fed stay independent and refuse to monetize the debt or do they dance and lead us down a path of inflation and deficits not imaginable just a few years ago.

This may only be interesting to me, but the ramifications for you and your retirement are extraordinary.

Scott Dauenhauer CFP, MSFP, AIF