The dangerous part of last nights broadcast was the assertion
that the Great-D was caused by the Feds tight monitary policy
rather than the fact that a huge credit bubble had been constructed
durring the roaring 20s. In fact, the credit bubble of
roaring 20s pails in comparison to the current credit
bubble. In other words,, last nights
presentation ignored the real root of the current US economic
woes.
rreich, the part you didn't note is that Bernanke has long been
considered one of the (maybe the) top expert on the Great -D. thus,
he is probably the only one who could conceivably recreate it down
to it's smallest detail.
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the dangereous part
Bernanke's 60 minutes appearance
Posted by rreich on 6th of Dec 2010 at 08:58 am
The dangerous part of last nights broadcast was the assertion that the Great-D was caused by the Feds tight monitary policy rather than the fact that a huge credit bubble had been constructed durring the roaring 20s. In fact, the credit bubble of roaring 20s pails in comparison to the current credit bubble. In other words,, last nights presentation ignored the real root of the current US economic woes.
the dangerous part, ???
Posted by hazbin1 on 6th of Dec 2010 at 09:02 am
rreich, the part you didn't note is that Bernanke has long been considered one of the (maybe the) top expert on the Great -D. thus, he is probably the only one who could conceivably recreate it down to it's smallest detail.