Tuesday, March 11, 2008
Sorry, Kids
I may as well apologize now to my children and grandchildren and great-grandchildren and so on. I really did not back anything of Bushism, neither internationally nor domestically. But I was not in a position to effect policy, so you must suffer.
The incredible Federal Reserve has attempted to introject $200 billion into credit markets.
According to my understanding of monetary theory, this will exacerbate inflation.
It should also lead to a further decline in the value of the US dollar.
This is why you cannot afford to buy food and why your currency is worthless.
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