This was a fun little article on Ben Bernanke. I think you can criticize him and Alan Greenspan for their attitude as the bubble built and lending standards declined, but I can’t criticize his reaction once he realized the gravity of the problems the economy was facing. In my opinion he has been fighting as hard as he can but he has been hamstrung as the government has done just about as much as they can to slow down economic progress. I’m not picking any political sides as both have been equally ineffective at putting together viable solutions to increase employment, and to cut the fat out of government spending. I appreciate the part in the article where he debunks the myth that the Gold Standard would be a better solution, as most that advocate that type of policy haven’t studied America’s economic history. With the economy being this large now I think it would be completely impractical.
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.