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Bernanke: The chairman is clearly a man who fervently believes in his own cooking - that Fed...

Bernanke: The chairman is clearly a man who fervently believes in his own cooking - that Fed purchases of assets will trickle through to stock prices, house prices, (but not commodity prices), and - if continued for long enough - will somehow bring unemployment down. Fight it if you must, but QE will be the monetary law of the land for a very long time.
Comments (10)
  • tunaman4u2
    , contributor
    Comments (3248) | Send Message
    Done fighting, i give up
    13 Sep 2012, 02:49 PM Reply Like
  • wigit5
    , contributor
    Comments (4218) | Send Message
    13 Sep 2012, 02:50 PM Reply Like
  • bbro
    , contributor
    Comments (10467) | Send Message
    Or we could go to a gold standard and have a Depression...
    13 Sep 2012, 02:51 PM Reply Like
    , contributor
    Comments (10700) | Send Message
    Yea....because no one now, just like no one after 1913 ever wanted to abide by it's principles - which were the market mechanism for correcting economic imbalances between countries. Name one country today with the moral high ground to abide by it's principles. Not one exists. Instead you have the likes of Japan and the Swiss and Germany with in the EU that don't ever want to suffer any consequences of a currency that is falling in value. Everyone wants to be an export powerhouse. It's an algebraic impossibility. There must always be imbalances and the ability for capital to flow where those imbalances are. So yes, we'd have recessions and depressions......because no one wants that "relic" to flow out of their country to another country (except of course Gordon Brown).
    13 Sep 2012, 04:43 PM Reply Like
  • Lint
    , contributor
    Comments (391) | Send Message
    But trickle down economics doesn't work, right Obama?
    13 Sep 2012, 02:53 PM Reply Like
  • frosty
    , contributor
    Comments (712) | Send Message
    If republicans don't like it, they have only themselves to blame. With a tea party dominated congress fixated solely on defeating Obama in 2012, they have stonewalled every attempt to solve the nation's problems. With a legislature unwilling to legislate, the Fed has stepped in to do what it can to help. Thank you Mr. Bernanke and the other Fed governors. Without your help we would be in a real mess. I can only hope that the next legislature will be more amenable to working on solutions to our problems.
    13 Sep 2012, 03:05 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
    Sorry Frosty..but if you look at the Republican Congress..they have sent 3 budgets to the Democratic Senate....what happened to those...they never got voted on..Yes they want to defeat the President....and I think that is going to we will wait until the Lame duck..or after February 2013....then things will move along...
    13 Sep 2012, 03:10 PM Reply Like
  • bondstevenbond
    , contributor
    Comments (167) | Send Message
    As PIMCO's Paul McCulley once said, "Never fight a man with nuclear bombs, ink, and a printing press."
    13 Sep 2012, 03:12 PM Reply Like
    , contributor
    Comments (10700) | Send Message
    Unless of course you happen to be of the Islamic religious persuasion.
    13 Sep 2012, 04:43 PM Reply Like
  • kevinheinz
    , contributor
    Comment (1) | Send Message
    The monetary law of the land until Bernanke is replaced . . .
    13 Sep 2012, 05:49 PM Reply Like
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