Don't Look Now, There's a Huge Wave of Inflation Coming Toward Us

By Kevin Phillips, Huffington Post
Posted on October 29, 2008, Printed on October 29, 2008
http://www.alternet.org/story/105107/

The time has come to review how back in 2005-2006 George W. Bush -- now increasingly perceived as another Herbert Hoover -- picked two top appointees who helped steer him towards his fateful 2008 rendezvous with a second Great Crash.

One of them, a top level financier, insured that Washington's eventual rescue policies would concentrate on trying to bail-out Wall Street while ignoring the gnawing cancer of its warped ambitions and financial malpractices. The second, a professor, misapplied dogma about how to guard against severe downturns into a disastrous attempt to refight the onset of the 1930s depression -- his academic specialty. He did not understand the very different context of our own era of cyber-spatial financial recklessness and gathering global inflation.