From Newsmax:

Encima Global president David Malpass says the actions of the Federal Reserve will boost inflation and harm the U.S. dollar.

"Dollar weakness doesn't work at all for economic well-being," Malpass writes in The Wall Street Journal. "The corollary to the Fed's policy of manipulating interest rates downward at the expense of savers is declining median incomes."

It's no coincidence that inflation-adjusted median incomes rose in the sound-money booms of the Reagan and Clinton administrations... and fell in the weak-dollar busts during the Carter, Bush, and Obama years, according to Malpass.

"When the currency weakens, the prices of staples rise faster than wages, hurting all but the rich who...

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