stockman s critique goes wayon to benazir ben bernanke, all thy back to paul voelker. he is saying he just inflated created various bubbles with all this money printing and loose money policy. you think that is an absolute mistake right from the get-go? i think what he has done on he monetary policy is an absolute mistake and i don t think it goes back to voelker or greenspan. both of them did a good job. ben bernanke broke with the tradition of the fed by expanding the balance sheet of the fed or increasing the monetary bay s north bay s nm mousily. now we have huge amounts of excess liquidity which will lead to inflation, but even more so, the feds balance sheet, they risk inkole veins si of the fed s balance sheet, and they ll tell you that doesn t matter but i think it matters a heck of a lot. let me tell you what david