June 24, 2013

Quote of the Day

Of course, since Ben Bernanke is almost certainly a short-timer, such radical action is hardly worth the bother. And in truth, the suggestion isn't a serious one. If Washington or any other rich economy dumped central bankers for every mess-up, their longevity would be roughly that of a Spinal Tap drummer. -- James Pethokoukis
Quote of the Day Posted by John Kranz at June 24, 2013 12:02 PM

So Bernanke acted to "turn a modest recession into the Great Recession, and sparked the Financial Crisis" in October of an election year with a Republican presidential incumbent, and acted to "offset U.S. fiscal austerity" in the same period with a Democrat presidential incumbent. Damned fortunate for Democrats, wouldn't you say?

Posted by: johngalt at June 24, 2013 3:15 PM | What do you think? [1]