Although, I am not sure Bernanke realizes it.
Jobless claims rose more than expected by the Keynesians, up to 462,000 for the month of September and the Producer Price Index rose 0.4% in Septmber.
So what does Bernanke fight, high unemployment or climbing inflation?
For a Keynesian like Bernanke both these things are not supposed to occur at the same time. Right now it appears Bernanke is turning a blind eye to the inflation. This means mad money printing straight ahead, so it will end up our nightmare (via inflation).
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