[Could it be they know if they stop Bernanke from running the printing presses the government will not be able to finance the debt and interest rates will skyrocket? The elites of both parties, and Wall Street, may have decided it is better to keep inflating by printing money to buy up the debt than really get serious about cutting spending. It troubles me greatly Romney isnt talking to the American people about the inflation tax given that it is a winning issue.]
The longer the pain is put off the more it will hurt later. Sadly the state of politics today feeds the habit of kicking the can down the road.
Bernanke thinks they can manage the economy and prevent the bad things from happening.
Romney probably isn’t making inflation an issue because its hard for many people to understand when interest rates for long term mortgages are 3.5%. He has used the price of gasoline which is one of the indicators though.