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News Link • Economy - Economics USA

What’s Wrong With a Little Monetary Inflation?

• Bill Bonner for The Daily Reckoning
Baltimore, Maryland – Colleague Porter Stansberry sent us this note: The Justice Department is assembling a team to “root out any cases of fraud or manipulation” in oil markets that might be contributing to $4 a gallon-plus gasoline prices. Says OBAMA!: “We are going to make sure that no one is taking advantage of the American people for their own short-term gain.” My bet is the “task force” won’t question Bernanke… No, they won’t question Ben. That’s not their job. Their job is to find some poor schmuck and make him do the perp walk before the cameras. Maybe some guy who is speculating on oil futures. Or maybe a fellow who is running an oil company. But let’s look at how this works.

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