### Comment:
Proponents of easy money say that every single time and then when it comes time to count chips it’s already time to try it again and we’re told to wait and see. 
  
 It’s like communists saying we need to try again.

### REPLY:
I’m not necessarily a proponent of easy money.  I just think it’s premature to declare Bernanke’s rate policy a failure.  The last two years have made it easy to forget why we ended up with zero rates for so long, and I think the fed would have raised them earlier if they thought they could.  I’m hopeful we can return to a normal rate environment without another disaster.

### END.