``Bernanke’s broad M2 metric is growing at a year over year rate of about 3%. TMS, it’s growing at a rate of about 10%. To Bernanke that means the money supply is still not growing quickly. To the Austrians though it most certainly is, over three times faster than Bernanke’s M2... when you haven’t got a clue you are prone to massive errors of judgment. In this case, we have a clueless Bernanke who is set to explode the money supply. Think about it. The world’s most powerful central banker, armed with the world’s largest printing press, the same central banker who seems to think that economic growth and financial stability can be achieved by printing money, thinks that the money supply is not growing quickly. ''

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