Via John at Powerline, we see this chart of the measure of our money supply, and in which he suggests that no one has "any idea what the medium-term consequences of these extremes of fiscal and monetary policy will be". (See also this additional Powerline question.)
This chart ought to alarm the most casual observer of our monetary policy. Simply put: Never in the history of the Fed have we seen such a spike.
Dot Two...
Via Glenn, this post asks: "Who will bail out the Fed?"
OK. I'll admit the obvious: The title to this post isn't connecting anything. The point here is that no one--not you, not me, not Ben Bernanke, and certainly not the Congressional luminaries or Zero or his minions--knows if this approach will work either.
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