I agree our legislature is ultimately to blame. It is the deficit spending that creates the situation where the Fed has to go along to pay for the deficit, or they have to be independent, stand their ground, and take away the punch bowl. The current crop of economists running the Fed seem to have little appetite for taking away any punch bowl or being independent of politics and if anything have added another punch bowl with a balance sheet expansion to 4 trillion. I don't think there is any lack of places to lay blame. With the legislature, with the Fed, and ultimately with the people who think they can get something for nothing from government and desire a nanny state in exchange for their personal responsibility and freedom. We the people are doing it to ourselves. We are getting the government we as a whole desire and have allowed to happen, myself included as part of the problem. I am trying to correct that part. But then I am getting into Boiler Room territory instead of financial topics that affect the prices we recieve for what we raise. "Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety." Benjamin Franklin “A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.” Milton Friedman "One of the great mistakes is to judge policies and programs by their intentions rather than their results." Milton Friedman John |