Volcker Leaves the Obama Team

Bill Bonner reports that former Federal Reserve chairman Paul Volcker has left the Obama economic advisory team (www.dailyreckoning.com). This means that there is no dissenting opinion to Ben Bernanke’s money printing and historic low interest rate madness. Don’t get me wrong. Massive double digit price increases are on there way in the next couple of years regardless of Volker’s presence. Volker could have dampened the eagerness to print more fiat dollars once price inflation reaches double digits. Imagine the public outcry when gasoline reaches $6.00 per gallon. Perhaps we haven’t seen the last of Mr. Volker.

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Published in: on January 10, 2011 at 8:39 pm  Leave a Comment  

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