Apparently inflation isn't a problem

Wow, go figure. Another Wall Street writer dismissing record high gas prices and food prices. It's about time people get a grasp on the real world where such costs are in fact a problem. Not everyone in the world gambles trillions of dollars - paying outrageously high bonuses without any link to the ultimate end result - loses and then gets bailed out by the middle class who can hardly keep up with their own costs.

The only thing worse is that not only is there a steady stream of this nonsense, not a damned person in Congress is saying much about the bailout and it's long term consequences. I get the whole "we need to prevent a major collapse" thing but sheesh, do we really need to fund lifestyle choices for Wall Street? If they can afford to pay the likes of Tony Blair $1 million per year and keep shoveling over handsome bonuses, they don't get it. Either that or we're all just idiots for tolerating and condoning this behavior.