Monday, January 25, 2010

Ben Bernanke's bubble blindness

Bernanke began denying the existence of a housing bubble at least as early as July, 2005. If he understood what caused bubbles he might have had a better understanding of what was happening. But he thinks an abundance of paper money can cure any economic problem that arises, so he's never too concerned about bubbles.

This YouTube video shows Bernanke and his paper factory in full denial.

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