Higher savings rates threaten the boom-bust cycle?

The Bernanke Fed wants us to spend, spend, spend. Because that’s the only way it sees to bring us out of the downturn. The recession, which was triggered by the credit-abuse crisis, can only be cured by more credit.

That sounds less like common sense than the logic of an addict: the only problem is not having enough of what caused the problem.

I promise I’ll stop after the next hit…