I had to chuckle at this headline on Marketwatch, regarding Federal Reserve Chairman Ben Bernanke's statement today about more "quantitative easing" [fancy term for printing money and buying bonds or securities]:
The Fed chair sees the need for further easing but says caution in proceeding is warranted, given the lack of experience with the new
policy tools. [emphasis mine]
My translation: We just got our learner's permit. We don't really know how to drive this printing press yet, without crashing the dollar and the financial system.
Our economy is in the hands of Harvard-educated fools.