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Lisa Graas| 2.19.09 @ 10:19AM
Who was it who once said that those who do not remember history are condemned to repeat it?
Most Americans seem to have forgotten history -- even RECENT history! Sigh
JTS| 2.19.09 @ 12:44PM
"He said that once the economy begins to rebound and financial markets stabilize, the Fed will be able to quickly reverse the actions it has taken before inflation becomes a problem"
++++++++++++++++++++++++++++++++++
Bernanke's own Macroeconomics book refutes this econogoofiness. He really should read his own book – it’s a very good book! In it he also has many great stories about the Depression and how the government shouldn’t be doing what they are doing with the stimulus/bailout/waste-a-thon - throwing good resources after bad. Interesting, no?!