Is the Fed an irresponsible parent?

If we consider the Fed (personified by Mr. Ben Bernanke) as a parent and the American consumer as its (his) child, I'm hoping we've got the equivalent of Mr. Seavers from Growing Pains or Dr. Huxtable from The Cosby Show rather than Al Bundy from Married with Children. We (the children) need to get an occassional dose of tough love when necessary. Unfortunately, we children were previously under the foster care of "The Maestro", the esteemed Alan Greenspan, the parental equivalent of Homer Simpson. Actually, that's unfair to Homer, since Homer, although flawed in almost every way, always seems to end up on the moral side of decency, kindness, and fairness. Mr. Greenspan decided to bail the economy out of a potential recession in 2002 with a series of rate cuts that brought the overnight Fed fund rate to its lowest level in 40 years. Staying on metaphor, he basically threw us the keys to the economy and told us not to drive the 400 horse power monster too fast. More on this later. I'm pooped...

...this is only a test (beeeeeeeeeeep...)

This is it - hopefully the first of many irrelevant (and irreverent) posts. Ya gotta start somewhere, right?!