BigGovernment.com
Posted Feb 5th 2011 at 2:07 pm
Yesterday at the National Press Club, Fed Chairman Ben Bernanke delivered a lengthy sermon justifying his grand strategy for the US economic recovery. In his discourse, the Chairman made it abundantly clear that, in his view, it was unfair to label Fed monetary policy as the cause of global increases in commodities prices, an issue some market pundits have speculated as of late.
Attacks on the Fed have been quite peculiar–some have even gone so far as to suggest US monetary policy played a role in the government collapse of Egypt. Three decades of oppression would seem a more likely explanation. But Bernanke’s statement was also peculiar:
No comments:
Post a Comment