It seems rather apropos that the day after Federal Reserve Chairman Ben Bernanke told us that the FED’s stimulus policy would remain in place and inflation would increase 33% more than originally projected that John Papola and Russ Roberts‘ second rap video has been released.

By the way, concerning the FED Chairman’s remarks, CNBC reported:

The Fed cut its growth estimate for 2011 to between 3.1 percent and 3.3 percent from a January forecast of 3.4 percent to 3.9 percent.

The Fed also raised its estimate of inflation this year to a range of 2.1 percent to 2.8 percent, taking into account a recent surge in oil prices. However, it bumped its core inflation forecasts only marginally to a 1.3 percent to 1.6 percent range.

If you missed the first fantastic video, here it is:

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