Mr. Morningstar has it about right.The FED has a stated goal of keeping inflation in the 1-2% range,yet as everyone knows inflation is currently running much higher,perhaps in the 4-5% range.So why is the FED allowing this to happen?They have clearly chosen to bail out the banks and brokerages who made all the subprime mortgage loans at the expense of people who lived within their means and saved,as those savings are now being eaten up by inflation.So the very behavior that we should be encouraging,is being punished by the current FED policy,not to mention foreigners who have bought our debt,will get a double whammy in the form of currency depreciation to boot.The current inflation is caused by the FED flodding the world with dollars thus depreciation the currency.Since most commodities is priced in dollars,including oil,this tend to put upward pressure on commodity prices.In addition the world has grown too fast recently for this commodities to keep up with demand,thus the need to slow growt down in order for supply to catch up with demand.Fortunately the rest of the world is again coming to our rescue,as Europe,Asia and some Latin American countries are raising interest in an efford to slow their economies down,which should ease commodity prices,thus lowering inflation here,as well,no thanks to the FED!!!