Earn your income in dollars? Us too! And here’s more bad news: Fed Chief Ben Bernanke, who apparently has the power to decide what money is worth, has indicated that he in order to save the economy, he must continue to steer the good ol’ greenback further down into the inky depths. If you have loads of money that you use to invest in things, this is good for you. For the rest of us, well, best not to plan a trip to Europe soon. And actually, we’d maybe better scratch Canada off that list as well, as we have surpassed them in terms of hilariously worthless currency. With still more to come, obviously.

Liberals are tempted to blame this state state affairs on President Bush, but that’s not really fair. The guy was in way over his head from day one, so blaming an entire economic catastrophe on him alone is being far too generous. Yes, we have a whole secession of president’s and policies to thank, and, of course, Mr. Alan Greenspan, who directed the Fed since Ronald Reagan wrote the constitution 500 years ago until just the other day. Here’s to complacency! Spend it while it’s still good, guys!

Stagflation? [FITSNews]
Fed Chief Plays Down Stagflation Risk [Reuters]