bernanke to hike rates to stop inflation, page-23

what's the alternative?

sound money and an end to fractional reserve banking. It wont be a utopian money system, but at least it will be honest and without all the derivatives and govt printing on a whim sucking the life out of the real economy. There can still be banks, just get rid of their special privileges that other businesses are not afforded to reduce moral hazard and increase due diligence and accountability.