The Scariest Thing about Bernanke + Inside Job

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Subject:	FWC: The Scariest Thing about Bernanke + Inside Job
Date:	Mon, 27 Dec 2010 17:03:24 -0800
From:	Jas Jain

The Scariest Thing about Bernanke + Inside Job

One has to be blind to the reality to believe that Economists like Bernanke, Greenspan, Krooksman, Mishkin, Stiglitz, etc., are there to serve the American People in their capacities as Nobel Prize winners in economics, or as Chairman and Governor of the Federal Reserve.

Let me remind that the problems facing the American economy are: Born-and-bred dopes, Crooks, and Rogue economists. They sustain each other, or they are codependents! There are no policy solutions to such problems. Remaking of Americans, at all levels, will take decades of misery. Lifelong doping is a very serious problem with very serious consequences. "Democracy is the best political system." LMAO!

Jas

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http://www.wealthdaily.com/articles/scariest-thing-about-bernanke/2892

The Scariest Thing about Bernanke

A monetarist and a mathematician walk into a bar...

By Adam Sharp
Tuesday, December 21st, 2010

"The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt."
— Bertrand Russell

"One hundred percent."
— Ben Bernanke, on his confidence that the Fed will control inflation

Lately, I can't help but reflect on Ron Paul's End The Fed (ETF). It's been over a year since I finished the book, yet I keep pulling it off the shelf. Throughout, Paul writes insightfully about politics and money in America.
Like this part about the Bernank:
Some people have been surprised by Bernanke's irresponsible conduct of monetary policy. There was no reason to be surprised. He was on record promising unlimited amounts of inflation should the need arise.
If Greenspan was cocky about the genius of central bankers, Bernanke is even more so.
Congressman Paul — unlike some — is careful with his words. You don't get many sexy sound-bytes out of the Rep. from Texas.
So when he says Bernanke is worse than Greenspan (my interpretation, based on this and other passages in ETF), it's noteworthy.

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Thursday, December 23, 2010

Inside Job's Charles Ferguson on the Corruption of Academic Economics

Readers may have seen the movie Inside Job (if you haven't, you really need to) or a clip from the movie that got quite a bit of attention on finance blogs, that of director Charles Ferguson grilling former Federal Reserve vice chairman Frederic Mishkin on some dubious work he did touting Iceland as a well run banking center not long before its implosion.