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Ambrose Evans-Pritchard on a chart of Ben Bernanke’s inflationary helicopter in action. Ambrose, as usual, excuses the central bank for its busts and monetary depreciation, but if we are ever to restore a sound dollar, we must first of all pin the tail on the Fed donkey, and all its intellectual enablers. (Thanks to Robert Hiett.)

9:56 am on June 26, 2008