Friday, August 26, 2011

Playing with our monies as if it were his toys

Bernanke Scholar Advises Bernanke Fed Chief to Be Bold on Monetary Policy

Ben S. Bernanke while Professor of Economics, Princeton University Source: Princeton University/ Bloomberg 
Advice from Ben S. Bernanke, scholar, to Ben S. Bernanke, Federal Reserve chairman: Be bold.
As a Princeton economics professor from 1985 to 2002 and a Fed governor from 2002 to 2005, Bernanke -- a student of the Great Depression and Japan’s lost decade -- faulted central bankers for failing to act aggressively in both cases to provide credit and weed out sickly financial institutions as they tried to rescue their economies and combat deflation.
Comment: A wrong model in active hands is probably the worst that could have happened.

No comments:

Post a Comment