Derby carries water for Ben

All in all, it looks as if Bernanke’s oft-repeated view that the commodities surge, driven by supply shocks, political forces and overseas growth, may indeed be “transitory.” Of course, the issue goes beyond inflation, in that lower oil and food prices may help increase consumers’ spending power, which should help the recovery regain its step.WSJ

Not quite. The commodity route tells us that we double dip to handle a transportation crisis. In a shortage, monetary nonsense from the center is just that, nonsense.