Saturday, February 27, 2010

Regarding Whether or Not To Take Bernanke Seriously

when he said in front of Congress that the Fed would stop printing money...there has been a short debate in the comment section of the Greenspan post. I thought that in order to settle the debate, I would resurrect one of my original masthead quotes. This should answer any questions/doubts: 
"The last duty of a central banker is to tell the public the truth."  -- Alan Blinder, [then] Vice Chairman of the Federal Reserve, on PBS's Nightly Business Report in 1994

I think that quote speaks for itself and needs no additional commentary.  Please note that Alan Blinder is an economics professor at Princeton, where Bernanke was Chairman of the economics department...'nuff said.

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