I've previously addressed the topic of "why are we listening to the same pundits who have demonstrated a complete lack of ability to predict our economic future?" Today, Austrian Filter blog, via ZeroHedge (who has it in a slightly better format) compiled a list of quotes from former Secretary of the Treasury, Hank Paulson, and current Fed Chief Ben Bernanke. It's a must read.
One Bernanke quote I actually agree with wholeheartedly is this one:
"October 15th, 2007 – Bernanke: "It is not the responsibility of the Federal Reserve - nor would it be appropriate - to protect lenders and investors from the consequences of their financial decisions."
Alas, the tone seems to have changed on that point these days...
-KD
One Bernanke quote I actually agree with wholeheartedly is this one:
"October 15th, 2007 – Bernanke: "It is not the responsibility of the Federal Reserve - nor would it be appropriate - to protect lenders and investors from the consequences of their financial decisions."
Alas, the tone seems to have changed on that point these days...
-KD
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