suleyman: Bernanke outlines new approach to...

Now Or Never

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During the Middle Ages the Church and State were the two supreme powers. Today it is the Banks and the State. Why the change? Let's face it. Money is so much more tangible and this-worldly than faith.

Most people just don't have the patience anymore to wait for their reward in the afterlife. They want it now and their battle-cry has become, "We want it all and we want it now."

The politicians and bankers have their own unique rallying cry which is somewhat reminiscent of pigs at the trough and sounds something like, "Gimme, gimme, gimme."

Readers who pay close attention will note I'm not very fond of fiat money or the governments that print it. Nor are academic economists among my favorite people.