Sarah Palin sets sights on Helicopter Ben Bernanke and QE2, linking stimulus to inflation in commodity prices.
Sarah Palin actually sounds intelligent here commenting on monetary policy. She makes the connection between the weak dollar, monetary stimulus and rising commodity prices. She understands the role of inflation to eat away at our hard earned money. Via WSJ:
"We don't want temporary, artificial economic growth brought at the expense of permanently higher inflation which will erode the value of our incomes and our savings," the former GOP Vice Presidential nominee said. "We want a stable dollar combined with real economic reform. It's the only way we can get our economy back on the right track."
Mrs. Palin's remarks may have the beneficial effect of bringing the dollar back to the center of the American political debate, not to mention of the GOP economic platform. Republican economic reformers of the 1970s and 1980s—especially Ronald Reagan and Jack Kemp—understood the importance of stable money to U.S. prosperity.