Ben Bernanke said yesterday he is in the mood to print more money now. He claims 25 million unemployed is a "tragedy" and he can't sit idly by any more and watch the economic carnage. 24.5 million was acceptable, but this is just too much and Super Ben is suiting up in the phone booth again, this time for QE3. For an injection of inflated dollars into your money supply, like adding water to the soup to feed some unexpected guests. What else can we do?

The Bureau of Economic Analysis, a part of the Department of Commerce, reported in its March 30 release that Americans are saving less money and spending more. According to the figures for March, personal income was up by 0.2 percent while “personal consumption expenditures (PCE)” increased by 0.8 percent. This builds on the January trend that saw incomes up by 0.2 percent while PCE advanced at 0.4 percent. In other words, American spending is advancing somewhat faster than income.