Tuesday, March 1, 2011

Ben speaks with contemplative pose


Federal Reserve Chairman Ben S. Bernanke said the surge in oil and other commodity prices probably won’t cause a permanent increase in broader inflation and repeated that borrowing costs are likely to stay low. Says Ben
Translation: We will remain in a contracted condition for some time.

I am a little curious. We have used government to solve all the supposed Whodunits that might have killed the economy, but remain contracted. Maybe, just maybe it is time for government to restructure?

1 comment:

Hal (GT) said...

I'm not so sure that they haven't been restructuring with the moves that they've been doing. It's just not the structure that most of us would, or will, like.