Stop Inflating the Currency

Inflation is now a bigger economic problem than unemployment, argues the Wall Street Journal, and is a bigger concern to voters, too.  The Fed has been inflating the currency to try to prop up the economy and bail out overextended borrowers, but its policy has backfired.  The resulting devaluation of the dollar has impoverished Americans, and triggered a flight of capital from the U.S. as well, cutting investment in our economy.  Mortgage bailout legislation also poses a threat to the economy and to taxpayers.