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Shut Down the Fed (Or: Ambrose Capitulates)

By Implode-Explode Heavy Industries

``So all those hillsmen in Idaho, with their Colt 45s and boxes of krugerrands, who sent furious emails to the Telegraph accusing me of defending a hyperinflating establishment cabal were right all along. The Fed is indeed out of control... My pathetic assumption was that Ben Bernanke would deploy further QE only to stave off DEFLATION, not to create INFLATION. If the Federal Open Market Committee cannot see the difference, God help America.''

Full post as published by Mortgage Lender Implode-o-Meter on September 28, 2010 (boomark / email).