Let’s hear it for Kudlow

Here’s an out-and-out pitch for smart-guy Larry, from his own lips:

Fed Hooey

I didn’t want to let the latest cockamamie Fed idea for “sterilized” bond buying pass without a comment. A Wall Street Journal story explained that somehow the Fed will buy more long-term bonds, print new money, and then borrow the money back so it doesn’t cause inflation. It’s all a lot of hooey. Typical Fed tinkering. They can’t seem to help themselves. The dollar has already fallen about 1 percent since this story broke. Gold has jumped.

If you buy into the Fed’s argument . . .

To read more from Larry Kudlow, visit www.kudlow.com and click on the Money Politic$ Blog.

Tune in to CNBC’s “The Kudlow Report” nightly at 7:00 p.m. ET

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