I know not to read something spouted by Bernanke or a Fed economist anymore because I’m likely to break my laptop in half. They have lack a fundamental understanding of economics; a fundamental understanding of the field to which they are considered maintstream “experts.” Bernanke’s recent statement, “My definition of the dollar is what it can buy,” sort of exemplifies what I mean. He’s too locked into his own ideas to understand that economics is more than numbers, and he’s playing with people’s lives.
Don’t even get me started on Krugman.
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