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Taking questions after his boilerplate speech defending the Fed, Ben Bernanke says Milton...

Taking questions after his boilerplate speech defending the Fed, Ben Bernanke says Milton Friedman would have supported the central bank's actions. With the great opponent of central planning not around to speak for himself, we'll have to take the chairman's word for it. Watch a lively Q&A here.
Comments (8)
  • 1) how can you speak for a dead man? 2) who cares what one guy would or wouldn't have done. times have changed since he was relevant.
    1 Oct 2012, 01:30 PM Reply Like
  • Bernanke for Ryder Cup Captain.
    1 Oct 2012, 04:48 PM Reply Like
  • Friedman was a staunch critic of Greenspan and his record, prior to his death. Bernanke is Greenspan on steroids. Obviously the Bernank never read "Free to Chose," or "Money Mischief," or if he had, he has consciously negated all the concepts written. Friedman himself began to question QTM and made the point that institutional reform (meaning removing onerous regulation and reducing government spending) had more influence on "price stability."
    1 Oct 2012, 01:50 PM Reply Like
  • If QE was the (is) the answer to our problems, why does Bernanke have to defend his actions?? One need not explain their actions if it is obvious they are the right actions.
    1 Oct 2012, 01:50 PM Reply Like
  • wapiti, I infer you are not married. I'm in my 42nd year. I had to explain quite more than once ... (however I'm wrong by definition, of course)
    1 Oct 2012, 02:11 PM Reply Like
  • Orsogrigio I am married (19 yrs). Good point! Actually, Ben reminds me of my children "explaining" how they didn't do something wrong!
    1 Oct 2012, 02:14 PM Reply Like
  • Print, Print, Print,
    The Printing Presses sing.
    Ding, Ding, Ding,
    The Bankers Pockets ring.
    Dink, Dink, Dink,
    The number of the Middle Classes shrink.
    1 Oct 2012, 05:41 PM Reply Like
  • The Headline should read..

     

    Dirty Banker defends Dirty Bankers.

     

    The term FED needs to go away, these wolves are as as FEDeral as FEDEX...
    1 Oct 2012, 05:52 PM Reply Like
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