I don't think many do - but I guess the Fed does... (or so they say...) 
Is Chairmen Bernake Incompetent?
- Thread starter mahram
- Start date
I used to really enjoy Dr. Greenspans speeches...I wanted to see if I could follow and I felt so good when I understood parts of his speech...
I havent seen a Fed Chairman degree anywhere, might have to give the guy some time to learn the position... of course his every lesson is trillions of dollars being whisked around.
Oh just give it to me to trade....I would be in heaven!!!
I agree, the real damage was done before Bernanke and it'll be unfair to blame him when the shit hits the fan.
Right now, I don't think there's much that can be done anymore to make things right without considerable (economic) pain.
The problem is that nobody wants bad things to happen on *his* watch.
Personally, I think if Bush-istas realise that Republicans are doomed for the next few terms anyway, they'll allow the "rebalancing" process to start and let the next ones handle the mess. (that's what most politicians do anyway)
Didn't Maria wait a day or two before her Bernanke scoop that tanked the market for a day?
Wow - imagine if she was Waksal and told a few friends and family to load up on shorts first...
Good thing she's an honest reporter and knows that's illegal!
Wow - imagine if she was Waksal and told a few friends and family to load up on shorts first...
Good thing she's an honest reporter and knows that's illegal!
Just one problem. Historically, governments mess around with commodity money as well. The Romans were famous for it. Adam Smith writes about it in The Wealth of Nations. Murray Rothbard writes about it in many books.
As long as the government manipulates money, does it really matter whether we have a gold standard, real bills doctrine, fractional reserve banking, or fiat currency?