I'm not sure what to make of this, but former NY Fed President and current Goldman Sachs operator, Gerald Corrigan, along with Alan Greenspan both seemed to be warning about QE2.
Both Corrigan and Greenspan are not current government operators, so they are probably having a little fun with Bernanke, the way a cat plays with a ball of yarn. But put these type characters in Bernanke's place and they are as likely to be just as inflationist as Bernanke. Here's a clip from the island.
The only hardcore support Bernanke seems to have is Princeton buddy Paul Krugman.
Didn't the initial campaign for the passing of the Federal Reserve Act of 1913 also have some fake anti-bank 'opposition'...to give the appearance of authenticity/genuine concern?
ReplyDeleteOr maybe these self-absorbed despots - even at their advanced ages - feel the need to insulate themselves from what they sense could be real trouble.