Wednesday, February 29, 2012
Bernanke lies again. Makes up nonsense. Kills any chance at full output and employment
More and more lawmakers on Capitol Hill seem to be getting it. What they're getting is the fact that monetary policy can't stimulate anything, only fiscal policy can.
Great. So why aren't we seeing any movement in Congress to get another stimulus going? Something WAY bigger than the last one?
It's probably because every time it's mentioned, Bernanke throws cold water on it by saying something like, "We must be careful. It has to be done in a way where fiscal policy can be sustainable."
What is he talking about?
Fiscal policy of any country under a fiat monetary system is ALWAYS SUSTAINABLE BY DEFINITION.
I thought Greenspan and Volker were bad, but Bernanke is the worst. The absolute worst.
He's almost gotten me to the point where I'll support Ron Paul's "End the Fed" campaign.