Ben Bernanke

Heal Job Market By Cultural Renewal, Not Fed Intervention

No.: 
85

Americans have been reminded of at least two things of late: In the end, deflation is significantly about jobs. Secondly, and also according to Ben Bernanke, while we wait for the jobs we must realize that “central bankers alone cannot solve the world’s economic problems.” These may be the most important words Bernanke has uttered during his tenure as Fed chief.

Wall Street Beast Recovers; Scoffs at Reform Plans

No.: 
62

Did Wall Street quake when President Obama recently addressed its elites on the one year anniversary of the Lehman Brothers collapse? Hardly. If anything, some on Wall Street were heartened by discrete assurances that reforms would not go deeply into the evolved architecture of capitalism.

For the Fed, God is Dead

No.: 
56

Make no mistake, Fed Chair Ben Bernanke believes the Federal Reserve stands a fighting chance of re-inflating many segments of the economy and most categories of paper asset prices. Shrewdly, he is less confident that the Fed’s operations will result in a satisfactory recovery of America’s lost jobs. Fed Chair Bernanke can speak of the ongoing financial crisis as the worst since the Great Depression because his rescue of the banking industry will leave many Americans in the lurch.

Appraising Risks to Growth: AIG Should Have Failed

No.: 
48

The U.S. Congress ought to blush about the AIG situation as should Fed Chair Bernanke. The amount of money spent defending AIG’s bad bets is incredible. But there is something else at stake here. At issue is the question of whether the government knows what it is doing. People need evidence that the Fed and U.S. Treasury are operating a “best practices” recovery plan.

The Insolvency of Justice in American High Finance

No.: 
46

President Obama has given the nation hope, but is it enough? Indignation remains widespread because Wall Street has failed its public trust and politicians have yet to find ways to counter outrages with real justice. “Heads need to roll,” proclaimed Moneycentral’s Jim Jubak recently, for if we fail to punish wrongdoers we are bound to repeat this disaster (“Why the CEO salary cap is a joke,” Feb. 10).

Alternatives to Big Bank Bailouts

No.: 
37

Federal Reserve Chairman Bernanke claims that banks need more aid if we hope to return to economic growth anytime soon. What he really means is that banks and leveraged investors need inflationary economic growth if they are to get the type of returns that widen the gap between the wealthy and everyone else. This is why Fed governors have been peppering their speeches with concerns about inflation falling below “desirable levels.” What is the desirable level for inflation?

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