Capitalism without failure is like religion without sin

"Capitalism without failure is like religion without sin" is my new favorite quote of the day. Danielle told me that she heard this on the news tonight. This is in reaction to the billions of dollars the Fed *Pumped* in the banking system. As far as I understand it, many banks came up short on their balance sheet at the end of the day. This was due to basically over lending to people who cannot pay back their loans. Normally when this happens banks will borrow from another bank, however this time a *panic* occurred and banks were not so willing to lend each other money. So then Fed *loaned* (*Pumped*) the banks money to cover where they were short at low interest rates around 1% and sometimes the Fed does not require the banks to pay them back. As we all should know the Fed doesn't really have the money it *pumps* into the banking system, so this money is really created out of thin air. Anytime money is created out of thin air it causes prices to go up -- inflation. So when you see then price of food goes up or college tuition goes up you can thank the people who bought houses they could not afford. (Along with a crazy powerful banking system.) Ron Paul is right, inflation is a tax on the middle class and the poor.