Radio Free NJ on Bernanke

Great essay, go read.

http://freenj.blogspot.com/2009/07/lynching-ben-bernanke.html

In the coming months the consequences of the government’s irresponsible spending will begin to arrive in the form of higher interest rates, and economic growth will begin to slow because of it. And when that unavoidable consequence occurs, the Whitehouse is going to try do what leftists ideologues have always done in circumstance like that… they will want to monetize the debt. They will pressure the Federal Reserve to print more money and to use it to buy the newly issued debt to keep rates down. This will seem like a perfect solution to the Obama team because it will solve the short term political issue, so they won't give the long term consequences even a second thought. And the last thing they will want in that situation is an intelligent and independent Federal Reserve chief standing in the way of their plans.