Whip Inflation Now!

"Wait, what did you just say? You're predicting $4-a-gallon gasoline?" Bush responded to a reporter who said some analysts expect prices to soon climb that high.

"That's interesting. I hadn't heard that. . . . I know it's high now."

Yes, George. As you would say, gas prices are high because the price of gas is expensive.

"I do expect inflation to come down," he [Bernanke] added. "If it doesn't, we will have to react to it."

- Ben Bernanke, February 28, 2007

Ben may actually end up giving Alan Greenspan a run for the (devalued) money as worst Federal Reserve President ever. Of course "worst Federal Reserve President" is an oxymoron.

"I am convinced that through these measures we have reestablished confidence."

- Herbert Hoover, December 1929