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Wednesday, November 10, 2010

Food and fuel inflation from QE2 to seriously strain the poor this winter

http://www.examiner.com/finance-examiner-in-national/food-and-fuel-inflation-from-qe2-to-seriously-strain-the-poor-this-winter

Ben Bernanke is a liar. In defense of his decision to pump money into the system through quantitative easing (QE2) he used the argument that inflation was necessary to protect and spur the economy. However, the Federal Reserve, like the federal government, doesn't see food and fuel as important factors in regards to the inflation model, contrary to what truly affects Americans.