Those of us who have been waiting for a politician to pick up on the monetary issue are perking up at Governor Palin’s demarche on the dollar. This came last week in a posting on her Facebook page, where she reacted to a report that Gulf oil producers were negotiating with Russia, China, Japan, and France to abandon the use of the dollar in pricing petroleum. She noted the report in the Wall Street Journal that Arab oil officials were denying the story, but reckoned that “even the possibility of such talk weakens the dollar and renews fears about its...