CAVEAT: THIS BLOG CONTAINS (albeit often very childish) ADULT-CONTENT. DISCLAIMER: Entries at this blog are akin to good old-fashioned campfire chats; I offer no opinion on what you should or should not purchase, or what you should be using or doing. What does or does not work for me could be long country-miles away from your tastes and your needs. Any products, places, and / or whatnots that I review for this blog are purchased at retail price by me. I do not accept payment, gifts, discounts, freebies, products on loan, demon alcohol, drugs, plea-bargains, probation, parole, Presidential Pardons, or sexual favors for doing any review. TRACKING COOKIES: Google et al sticks tracking cookies on everybody. If you are online, you are being spied on; 'nuff said. You may be able to minimize your online footprints by using Tor and Duck Duck Go. Vive la liberté! Vive all y'all! Ante omnia armari. To each of you, thanks for stopping by!

Thursday, December 3, 2009

Come on now. Give Bernanke some credit.


I don’t mean for saving us from economic Armageddon, I mean for causing it!

Ben Bernanke took a fragile but functional economy and single handedly demolished it by acting on his delusional fears of inflation. With all of the finesse of a pot smoking locomotive engineer, he locked the brakes instead of feathering them. You can find decades of bi-partisan action and inaction sewing the seeds of this catastrophe, but Bernanke was the man who chose to run the train off the tracks. I wrote about the warning signs
here, and here, and here.

Reconfirm Bernanke? Hell. Dismiss the entire Federal Reserve Board before they destroy the world. As I said in an earlier post, part of the reason that we have boom and bust economic cycles is because The Fed over-corrects on both the downside and upside. Unless he wants to step forward to accept a large chunk of the blame for our economic mess, Ben Bernanke needs to have a good old-fashioned cup of “Shut the fuck up!”





No comments: