Legendary global investor and chairman of Singapore-based Rogers Holdings, Jim Rogers said he has been proven right about his criticism of Federal Reserve Chairman Ben Bernanke whom he characterized as "a disaster... doing the wrong thing... and making mistake after mistake after mistake."
Speaking with Betty Liu on Bloomberg Television's "In the Loop" in a discussion including Bethany McLean, a Bloomberg contributing editor, about Dr Bernanke's job performance and policy decisions, Rogers said: I defy you to find a single time in the last six years that he [Dr Bernanke] has been in Washington, where he's been right about anything."
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Comment: The real tragedy is that it is not only Bernanke who is the problem but that most of the American "economics" profession is a catastrophe. Indeed, economics in its true sense is no longer taught in America. Particularly at the so-called "top universities" you mainly get your economics PhD not for a serious study of economics but for bad math.
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