JohnEngland
11-09-2010, 02:42 AM
From the WSJ:
Sarah Palin, delving into a major policy issue a week after the mid-term elections, took aim Monday at the Federal Reserve and called on Fed chairman Ben Bernanke to "cease and desist" with a bond-buying program designed to boost the economy.
Speaking at a trade association conference in Phoenix, the potential 2012 presidential candidate and tea-party favorite said she's "deeply concerned" about the central bank creating new money to buy government bonds. Ms. Palin said "it's far from certain this will even work" and suggested the move would create an inflation problem.
"When Germany, a country that knows a thing or two about the dangers of inflation, warns us to think again, maybe it's time for Chairman Bernanke to cease and desist," according to Ms. Palin's remarks, obtained in advance by National Review magazine, before the Specialty Tools and Fasteners Distributors Association. "We don't want temporary, artificial economic growth bought at the expense of permanently higher inflation which will erode the value of our incomes and our savings."
http://online.wsj.com/article/SB10001424052748703514904575603023040162294.html?m od=WSJ_hp_MIDDLENexttoWhatsNewsTop
Sarah Palin, delving into a major policy issue a week after the mid-term elections, took aim Monday at the Federal Reserve and called on Fed chairman Ben Bernanke to "cease and desist" with a bond-buying program designed to boost the economy.
Speaking at a trade association conference in Phoenix, the potential 2012 presidential candidate and tea-party favorite said she's "deeply concerned" about the central bank creating new money to buy government bonds. Ms. Palin said "it's far from certain this will even work" and suggested the move would create an inflation problem.
"When Germany, a country that knows a thing or two about the dangers of inflation, warns us to think again, maybe it's time for Chairman Bernanke to cease and desist," according to Ms. Palin's remarks, obtained in advance by National Review magazine, before the Specialty Tools and Fasteners Distributors Association. "We don't want temporary, artificial economic growth bought at the expense of permanently higher inflation which will erode the value of our incomes and our savings."
http://online.wsj.com/article/SB10001424052748703514904575603023040162294.html?m od=WSJ_hp_MIDDLENexttoWhatsNewsTop