I know a lot of people are upset by Rick Perry's comments about Bernanke. But honestly, I think it's time people stopped pussy footing around and called a spade a spade. Seriously, if Bernanke had a theme song it would be "Debaser". What he did during the crisis itself was necessary and admirable, but what really was the necessity of QE2 which was just a straight $600 billion monetization of the debt. I'm hoping Perry's comments mean that we would have a strong dollar policy again if he were President. Politically, I think this will resonate with people as nobody wants to see the Dollar act like the Lira or Peso had historically. Let Perry be Perry.
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