Lawrence Kudlow is the host of CNBC’s Kudlow & Company (M-F, 7pm/ET), a host of WABC's "The Larry Kudlow Radio Show" (Saturdays 10am-1pm/ET), a nationally syndicated columnist and a former Reagan economic advisor. Larry is also a regular guest on Hugh Hewitt's nationally syndicated radio show every Friday night. CNBC's Kudlow & Company also airs on Sirius (ch.129) and XM (ch.127) weeknights at 7pm ET.
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Where s Bernanke s Inner Volcker?
Posted on June 26, 2008
The Fed turned its back Wednesday on the very inflation-tax problem it helped create.On the day after an unusually important Fed policy meeting both gold and stocks severely rebuked the central bank s decision to take no action in support of the weak dollar or to curb rapidly growing inflation. Gold spiked $30, a clear message that Bernanke & Co. won t stop inflation. Stocks plunged over 200 points, an equally clear message that the Fed s cheap-dollar inflation is damaging economic growth.These market warnings are two sides of the same coin. Inflation, which is caused by excess dollar cr...
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