Am I Wrong to Blame the Fed?
By Bryan Caplan
Well, let me put it this way: If Bernanke were to publicly say, “Federal Reserve policies are the main cause of high gas prices, but we pursued these policies for good reasons, namely…” I’d stop complaining. But I’m not holding my breath; it’s easier for the Fed to let the oil industry take the heat. Under the circumstances, it’s worth shining a spotlight on the Fed and asking its leaders to fess up.