Keith Fitz-gerald (Whiskey & Gunpowder):
Everything we know about classic economic theory suggests the U.S. economy should be experiencing Zimbabwe-like hyperinflation right now, thanks to the nearly $2.2 trillion the U.S. Federal Reserve has pumped into the system.

Nothing much important happened over the weekend. G8 finance ministers in Japan talked up the U.S. dollar. But they didn’t agree that anything like an intervention was necessary.