Wednesday, June 24, 2009

Whoever Wins, We Lose

Obama vs. Bernanke, article by Vox Day.

I also find the quote from Bernanke at the 2002 dinner to honor Milton Friedman to be hilarious:

Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again.

He's right, they did do it. But not for the reasons that he thinks (being too tight with monetary expansion), in fact, almost entirely the reverse.

That is all.

No comments:

There was an error in this gadget