The Spectacle Blog
Western Illinois University econ professor William J. Polley notes this exchange from the Bernanke hearings last night:
Sen. Sarbanes held up a chart showing how our unemployement rate is so much lower than Europe’s…and of course he reminded us that the European Central Bank has an inflation target. Mr. Bernanke’s response: “Senator, it was below that rate 20 years ago before the ECB was even created. I believe there are other factors that contribute to that difference.”Bernanke was too polite to expound on those factors — i.e., policies that Sarbanes has spent his political career fighting for.
View all comments (1) | Leave a comment
Related Blog Posts
More Blog Posts by John Tabin
http://spectator.org/blog/2005/11/16/educating-paul-sarbanes
Follow us:
ADVERTISEMENT
Current Issue
- Downton’s Class System — and Ours
- The Vast and the Tiny
- The Welfarians
SPONSORED LINKS
FLASHBACK TO: 1995
-
Pope Culture
A man of faith in a godless age is hitting Americans where it hurts.
-
Why the GOP Does Not, Like, Totally Suck
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
-
Dames at Sea
-
In the Absence of Guns
In Britain, defending your property can get you life.
-
The Metaphysical Martini
-
Counting the Costs of Clintonism
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
-
Chuck McHagel
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
-
The Legacy of Old John and Mother Fresh-Roasted
-
It’s the Best Time of the Year
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
-
The Bush Crack-Up
Was the President done in by the economy, or by the politics of the economy?
Clip of the Day
ADVERTISEMENT
tiffany and co | 9.11.09 @ 1:50AM
It was a very nice idea! Just wanna say thank you for the information you have shared. Just continue writing this kind of post. I will be your loyal reader. Thanks again.