More insight on our economy:

Just saw this here on CNBC.com. Now to add my scholarly two cents that I did not see mentioned in the article: cut spending and stop finding new things to tax. Period. Bernanke actually mentions in the article that the Fed may need to do things in order to get people to spend money again. Are you out of your mind? With double digit unemployment, new financial regulations, healthcare reform, and a mortgage industry still out of control why would anyone be dumb enough to suggest that businesses and consumers need to have the ability to borrow more money so they can spend more money? Is that not how we ended up here in the first place by spending what we did not have?

I think I make a good bit of sense in the second sentence above, try reading it again if you are sitting there thinking things like “Bernanke has a cool beard, he must know about the free market” or “a shiny dome like his is a sure sign of intelligence”. Yeah I went there and no it does not make my argument any less valid. We must cut spending, encourage thrift, and stop regulating ourselves into obscurity in the marketplace. Get the government out of the way and let the free market figure out a way to produce again. Artificially propping up the market is only going to make the eventual letdown all the more catastrophic when that day inevitably comes.

Now if only I could borrow a few bucks to buy a six pack for my mock BeerGate I will now have to throw for my previous comments about Bernanke’s dome.