STILL, THE DEBT MUST BE CLEARED, THE FED DISBANDED OR WE'RE DOOMED
CAN'T REMEMBER WHEN I'VE BEEN SO PLEASANTLY SURPRISED in a good way by a federal official who actually hung tough and did the right thing. Saying it was time for the economy and markets to stand on their own two feet, the Fed chairman said he would not do anymore fiscal interventions in the near future, except to keep interest rates low for a while.
The stock market obviously was pleased though it will remain volatile. Good for Bernanke and good for us. He's finally acting like a devotee of Hayek. Our country will become stronger only if we let nature take it's course. Sure there will be some large bumps along the way, but this can only strengthen us and make us tougher.
So Ben, cut the apron strings and let us learn to walk and run again in free markets.