Four-Eight-Four [dot org]

So, I saw on CNN this morning that Bernanke is now “concerned” about inflation. Well, it’s about time! Gold started last year at about $600, and ended it at about $800/ounce. As of the last week, only two months into the year, it’s been hovering around $950. Gas prices are up. Food prices are up. And he’s just starting to be concerned? Please. This is like being concerned about a plane crash after the fourth engine on your Flying Fortress flames out and you just got your tail sheared off by anti-aircraft fire. Most people started worrying when the second engine dropped offline. And Bernanke, bless his little heart, now drops hints that he might lower interest rates again. I guess we might as well go ahead and jettison those wings too and make the inevitable happen a little faster there …