Well we know where we're goin'
But we don't know where we've been
And we know what we're knowin'
But we can't say what we've seen
And we're not little children
And we know what we want
And the future is certain
Give us time to work it out
- Road to Nowhere, Talking Heads (1985)
Actually, I think this lyrics should be the opposite when it comes to current government policy. We don't know where we are going (although we say we do) and we do know where we've been (we're just ignoring it).
That's as political as I want to get in this blog. Ben Bernanke glossed over the very obvious and very incendiary reality of rising food prices in his speech yesterday. How many times do we have to debunk the concept of "core inflation?" It's like ignoring breathing and heartbeat to declare someone is alive when they're clearly dead but otherwise intact.