Great interview on Bloomberg with Jim Grant, a longtime vocal critic of Ben Bernanke and quantitave easing. He explains in very clear terms how the Federal Reserve has become America’s de-facto central planner by telling us “what assets to buy at what prices and what level of nominal GDP we should all need”.
Posts Tagged ‘Ben Bernanke’
Why QE2 is very destructive for the US Dollar, the “Coca Cola of world monetary brands”
Posted in Uncategorized, tagged Ben Bernanke, coca cola, Federal Reserve, Jim Grant, QE2, US dollar on November 6, 2010 | Leave a Comment »
The problem with Central Banking and how it threatens real prosperity (as opposed to borrowed prosperity)
Posted in Uncategorized, tagged abolish the Fed, Ben Bernanke, optimism, QE2 on November 3, 2010 | Leave a Comment »
From: Of (Economic) Myths And (Central Banking) Heretics “… The impossible takes a little longer.” This motto has been used by many organisations, the original being the US Army Service Forces in WWII. Actually, it is a perfect motto for Ben Bernanke and will hopefully stand in future as an epitaph of the Fed and [...]
