Economist Robert Murphy thinks that the Greenspan/Bernanke inflation has set the stage for a serious recession. You can read his article on inflation and how it upsets the economy here.
If Murphy is right, the economic downturn will be seized upon by the likes of Hillary Clinton, John Edwards and other politicians as a reason for enacting still more laws and regulations to supposedly boost the economy. That’s just what happened in the 1930s when the recession under Hoover was made worse and worse by constant federal intervention. Of course, scarcely any politician will advocate that we strike at the root of the problem, namely the Fed itself.
