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Some weeks back, Mr. Bernanke had been quoted as citing a target inflation marker at 5.4%. As in, a ceiling.

Seems unemployment and inflation are in fluctuating balance -- this is good! Better than good. Astounding!

In the 60s, Friedman and Phelps came up with a long-term theory about the inflation/unemployment scenario (Phillips curve) and showed how MUCH expectations and or attitude factor into whether or not economic drama is short-lived or long-term.

And weeks back, naysayers were all saying "doom... DOOM!" Run Fer Yer Lives! Inflation, Inflation!

Really p'd me off. There was NO SUBSTANTIVE reason for these gossipy, negative rumors except to fuel the gold market and while that is not a bad thing; what galled me most -- is the fearmongering seemed to be coming from areas of the MSM with an Anti-Bush agenda.

Here's a quote from Keynes on Inflation (the father of inflationist policies): "Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, Governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity (or fairness) of the existing distribution of wealth.

As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of Society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."