Back in my MBA days, I've read case studies about macro economic policies and how the benefits of a stable currency have been the tantamount goal of the U.S. since the early 80s. After a decade of suffering through Arthur Burns' tenure as Federal Reserve Chairman and experiencing the painful clean-up that we needed to endure under Volcker in the 80s, why is the U.S. electing to go down the exact same path once again? What did Burns do that was so bad? He succumbed to political pressure in order to keep the unemployment rates as low as possible by artificially depressing interest rates. This resulted in the "printing" of dollars and - high inflation.

So what are we seeing from Bernanke? A redo of Arthur Burns. The international markets have noticed...http://www.ft.com/cms/s/0/451b5a2e-7bc3-...z1M928x45z