bernanke and stimulus

Let's not expect central bankers to bail out the continuing economic mess. That's not who they are, and cheap money can only do so much to levitate a deflated economy. This past week, Mario Draghi, president of the European Central Bank, said that he would not in fact do "whatever it takes," as...
08/06/2012
Blog
Federal Reserve Chairman Ben Bernanke has been desperately trying to levitate a sinking economy, by buying government and commercial bonds in whatever quantities it takes to keep interest rates at record lows. This policy has kept the Great Deflation from being even worse, but it hasn't...
07/30/2012
Blog
Fed Chairman Ben Bernanke says the economy is on the verge of another recession—“close to faltering” was his euphuism of choice in his testimony to Congress Tuesday—and there only so much the Federal Reserve can do about it. For once, he is mostly right. Bernanke has...
10/07/2011
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