The faces of inflation


Today, The Federal Reserve Open Market Committee announced that the key fed funds rate will remain unchanged at 0-0.25 percent and stated that it will continue its plan to stimulate the economy with low interest rates and will continue to buy up to $600 billion in U.S. Treasury bonds through the end of June.

This was the face of a trader works in the S&P 500 options pit at the Chicago Board Options Exchange on April 27, 2011 in Chicago. Speechless I am.  As Joe Keckeissen, our admired professor of Austrian Economy, used to say: “The government must stop creating inflation!

Photo via: Andrew Sullivan. Picture By Brian Kersey/Getty Images.

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