“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.
I know how old Bernanke is. I am not the one ranting about this or that statement of his. Actions are what matter in a crisis. So we are back to has the FED under his leadership given us a stable price level? Well?