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# Bonus Monday Morning Coverage
- URL: https://thedailyeudemon.com/16341/
- Published: 2010-11-08T12:34:19.000Z
- Updated: 2010-11-08T12:34:19.000Z
- Author: Eric Scheske
- Tags: Economics, #wpChunk

What the heck? Bernanke announced QE2 just five days ago. This morning, [the *WSJ* runs a piece by Kevin Warsh](http://online.wsj.com/article/SB10001424052748704353504575596762375409760.html?KEYWORDS=Kevin+warsh&ref=thedailyeudemon.com#articleTabs%3Darticle), a member of the Board of Governors of the Federal Reserve. The piece is balanced and sane. The piece, in other words, is a reprimand directed at Bernanke. Open dissension at the Fed? Released just five days after the QE2 announcement? I don't know what to think, but I'm suspicious. Is it a dishonest attempt to try to quell some of the runaway speculation (i.e., metal prices) that greeted the Fed's QE2 announcement? I obviously have no clue, but it seems odd to see such an airing of grievances so quickly.

[Zero Hedge breaks the piece down](http://www.zerohedge.com/article/betting-infinite-bernanke-put-not-so-fast-says-fed-governor-kevin-warsh?ref=thedailyeudemon.com).

A thought hit me this morning as I rode my bike to work: Is there really any purpose to studying economics, finances, and investing anymore? It seems that the Fed drives all, controls all, is all. It's the Brahman of all things monetary. I bought volume 1 of Allen Meltzer's *magnum opus* last year. I read the first 20 pages, then put it aside. I've now decided that I'm gonna read it. It's my end-of-the-year resolution.

It's only 808 tightly-written pages. Who's with me?