Monday, February 28, 2011

Questions for Bernanke

Caroline Baum asks:
Question No. 1: Why $600 billion?
Question No. 2: About that global savings glut …
Question No. 3: What about the Fed’s tools?
Question No. 4: Those dueling mandates …
Question No. 5: Knowing when it’s time to say good-bye …
Read the details at Bloomberg
Comment: You're right, Caroline, your questions are better than those by most Congressmen and Senators. Yet you're wrong to assume that better questions would provoke better answers. I fear that the opposite is the case. Greenspan's answers at least were funny. Bernanke's answers are just a bore. I recommend to ignore him. Make Bernanke give his statement in an empty room.

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