This is a clip to save. It shows Bernanke speaking on Friday in the land where the Weimar hyper-inflation hit. It demonstrates how clueless he is to the price inflation ahead for the U.S., and even more important, it shows how confident he appears about being able to control all his new monetary "tools", which, in many cases, are time bombs.
A high profile critque of one of Bernanke's tools has been made by Harvard economist Greg Mankiw, who notes that Bernanake will be in a serious trap of his own making, when the yield curve turns negative.
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