Sunday, March 16, 2008

Flying by the Seat of His Pants

Bernanke doesn't know what he is doing!!

Doesn't that make you feel better, 'murka?


"As chairman of the Federal Reserve, Ben S. Bernanke has long argued that a central bank should base its policies as much as possible on consistent principles rather than seat-of-the-pants judgment.

But now, as the meltdown in credit markets threatens major institutions on Wall Street and a recession appears inevitable, Mr. Bernanke is inventing policy on the fly...."