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The Twittering of Ben Bernanke
Minute-by-minute, behind-the-scenes updates from the busy Federal Reserve chairman, live to your iPhone. Talk about your new, new media
Andrew Leonard [2008-03-13]

  • Why and How is Bernanke responsible for a recession?

    Perhaps he's not responsible, but he sure could have been more attentive a few years ago when people noticed house prices going through the roof. Here's an example:

    http://www.washingtonpost.com/wp-dyn/content/article/2005/10/26/AR2005102602255.html

    In the above-linked Washington Post article, Bernanke is quoted as saying a 25% increase in house prices over two years wasn't a bubble, but rather was a sign of our strong economy. This was from Bernanke's testimony before congress.

    Maybe he's not to blame, but I sure have doubts about his economic acumen.

    -- Alkaline
    [Read Alkaline's other letters]
    Thursday, March 13, 2008 03:28 PM
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