Bob Misko

Why I Disagree With Bernanke

To pull the covers off inflation merely disaggregate the equation of exchange. What the heck does that mean. Simply, check the components of the P X Q side. Yes, consumer prices is the focus (67%+ of the economy) but also taken into account are commodity, labor, capital and asset classes like real estate, stocks, and bonds. The Money X Velocity side will pop-up in one or more of these components(save the increase in productivity). "Too much money" will always find its way to Price X Quantity. I'm sure your assessment of fulture commodity inflation has a good risk/reward ratio. Jimmy Rodgers will second your vote.