Is Bernanke not that senile after all?

A really interesting case of Freudian slip is in recent Bernanke’s speech. The guy seems to understand that we are up to out throats in the steaming pile of economic recovery. Even more interesting is the fact that he seems to be using his brain often enough to admit that that steaming pile is only going to get deeper over time with all unfunded liabilities the Great Society endure us in the last 40 years or so.

However at the end of it he seems to go back to the business as usual talking some nonsenses on how US Congress can bring-up financial responsibility to the federal government.

A detailed review of the speech can be read on Economic Policy Journal website.

Advertisements

Author: DrCos

Dao-Clinicist, Groovy mon, Sprechstallmeister / Concerns separator / 道可道 非常道 / Disclaimer: all posts are my personal opinion and aren't of my affiliations

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s