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Obama’s Monetary Policy

March 26, 2011

Today you can buy an iPad 2 that costs the same as an iPad 1 that is twice as powerful,” he replied. “You have to look at the prices of all things.”

To which one truly great American responded: “I can’t eat an iPad.” He might as well have added, “I can’t drive an iPad to work either.” And at the rate grocery and gas prices are rising, by the end of this year, I couldn’t afford that iPad’s monthly service fee even if I had enough discretionary income to purchase the little piece of dazzling technology in the first place.

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