At 14:28 01/10/2010 +0200, Chris wrote:
Keith wrote:
> What is very clear is that [Bernanke] hasn't the least idea of how
> all the present mess has happened.
Predators often pretend ignorance to cover up deliberate fraud (to enrich
the few). But guess what, if they would be ignorant or stupid, they wouldn't
sit on that chair.
I was just being facetious. I don't think there's any doubt that Bernanke
is smart. But as an academic for the past 20/30 years, a specialist in the
1930s Depression, he's been looking at the world with only one set of
blinkers on (Keynesian). Perhaps he really does think that when governments
print money whenever they run into trouble it's the most obvious and
natural thing to do. "There are none so blind as . . . ."
Keith
Keith Hudson, Saltford, England
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