Will The Federal Reserve ‘Go Nuclear?’Larry Doyleupdated Jun 08, 2012TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity. Many market participants are hoping and praying that Ben Bernanke will save the day by implementing another round of quantitative easing. Having become addicted to the monetary ‘heroin’ provided by our central bank, those on Wall Street would love another ‘hit.’ Is this the right approach to curing what ails our nation’s economy? Of course not. I stated as much in a recent interview:“The problems with the current Fed policy and fiscal programs implemented by this administration are that the MASSIVE structural issues eroding the foundation of our economy and society are not being confronted.”So what might the Fed do? With the Fed’s ‘dope’ packing less and less of a punch, would they ‘go nuclear’? What’s that you say? Would the Fed publicly foresake its long stated goal of stable prices and target an elevated level of inflation in an attempt to ‘spike the juice’ and re-energize the economy? (Make no mistake, the Fed has been pursuing inflationary policies without public acknowledgment). This would be the most dangerous game, but we are fast approaching it. For more on this explosive topic, the politicization of the Fed, economic crisis management, and the limitations of central bank policies, I strongly encourage you to find ten minutes to absorb the wisdom of Mickey Levy, chief economist at Bank of America, and Charles Calomiris, professor at Columbia Business School. Having worked with Mr. Levy in the late ’90s, I hold him in the highest regard. He embraces and promotes the essence of ‘sense on cents.’ In his recent testimony, Bernanke implored Congress to increase spending because he knows the perceived necessity to ‘go nuclear’ is moving perilously closer. The fact that this reality is before us is a total indictment of those within our financial and political hierarchy of the last two decades. Navigate accordingly.Larry DoyleISN’T IT TIME to subscribe to all my work via e-mail, an RSS feed, on Twitter or Facebook? I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved. Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.