Lawmakers pledge to avoid 'moral hazards' - Sep. 21, 2007

Lawmakers pledge to avoid 'moral hazards' - Sep. 21, 2007:

"'We talk about market discipline, but there's no possibility to have
market discipline,' the candidate declared. 'What moral justification do we have
to deliberately devalue the dollar?'

In response, the cautious Bernanke left his own moral high ground for the
safer moorings of policy commentary on the ills of inflation: 'I agree with you
that an economy cannot grow in a healthy stable way when inflation is out of
control.'"