[bert]

——Bernanke remains clueless -—

There are a host of players including Republicans.

I wonder if Bernake is merely acting out his part and is not really being truthful. He is doing his part to promote controlled inflation/devaluation

[C. Edmund Wright]

>> I wonder if Bernake is merely acting out his part and is not really being truthful. He is doing his part to promote controlled inflation/devaluation >>

I rather think he’s a clueless academic theoretician who does not understand how human nature and natural motivations / disincentives dictate how people will act far more than a money supply equation.

[lentulusgracchus]

I wonder if Bernake is merely acting out his part and is not really being truthful. He is doing his part to promote controlled inflation/devaluation

The technical term for his policy is "repression" q.v. -- identical to the policy followed in the 1970's by FedHead Arthur Burns at the behest of Jimmuh Carter, who conceived of a moral imperative to "save" the economies of the Third World by throwing America's savings into the maw of inflation. Interest rates paid the public were held down by regulation ("Regulation Q"), while the currency was inflated 50% in just a few years. It was a massive theft of private savings for Mr. Carter's altruistic purposes.

Mind you, Carter's administration was full of the same sort of beady-eyed little McGovernite Progressive/neo-Stalinist c**********s that infested Clinton's and are now running wild under Obama. Funny that we should get similar results.