Bernanke’s Defense of Fed Monetary Policy Is Utter Nonsense

Mainstream economists continue to defend and even praise Ben Bernanke’s response to the 2008 financial crisis. But as it becomes moreand more obvious that the United States economy never fundamentally recovered from the Great Recession, savvier analysts are speaking up. On Bloomberg TV, David Stockman lambasted Bernanke for flooding the markets with zero-cost money, arguing that the former Fed Chairman’s book would be better titled The Courage to Print, rather than The Courage to Act. Stockman ended with a dire warning for investors:  Read more