To those who understand Austrain Monetary Economics (the only true school of monetary economics) it is obvious that QE1 and QE2 lead to the current spike in commodities including crude oil. However, the birdbrained policy makers once again fail to grasp this obvious concept, and to add insult to injury, are suggesting that more stimulus and monetary loosening (ie. dollar destruction) will be needed if oil goes higher. INCREDIBLE!!
http://finance.yahoo.com/news/Federal-Reserves-Lockhart-Oil-cnnm-3164680201.html?x=0&sec=topStories&pos=9&asset=&ccode=
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