1. Do you really think Bernanke was running the FED in the 1930s? He is again saying he learned the lessons of the 1930s.
2. What has money growth been for the past 12 months?
3. What has happened to the price level over the last 12 months?
As with any situation, you would do well to figure out what is being done well, monetary policy in this case, what is being done poorly, fiscal policy and regulatory policy uncertainty, and who is responsible for what, monetary policy: the FED under Bernanke’s leadership, fiscal and regulatory policy: the former Dim Congress and the administration unders Obama’s “leadership” rather than just throwng the baby out with the bath water.
“1. Do you really think Bernanke was running the FED in the 1930s? He is again saying he learned the lessons of the 1930s.”
What the h-ll are you talking about? Bernanke wasn’t even alive in the 1930’s...
He can say he “learned the lessons”, but as Schwartz ably pointed out, he’s fighting the wrong war.