By Stephen Moore with John Tamny from the October 2009 issue

Last December in these pages we concluded that George W. Bush's economic legacy will be remembered in history as a failure, in no small part because of the collapse of the dollar and the tripling in gold prices over the course of his presidency. We wish that Barack Obama had paid attention to that column because by reappointing Ben Bernanke as Fed chairman, he has endorsed one of the two people in Washington who were architects of that Bush weak dollar policy (with Alan Greenspan being the other). So much for change you can believe in.

Mr. Bernanke fashions himself as the man who last fall saved America from another Great Depression and "saved capitalism"� by ...