I discussed the Time Magazine man of the year, Fed chairman Ben Bernanke, on Fox and Friends this morning. In sum: Failure has never had such rich rewards. Via the Mises Institute, here’s a video compilation of his spectacular wrong-headedness about the housing bubble and the state of the economy over the years.
Here’s GOP Sen. Jim Bunning roasting Bernanke as the “definition of moral hazard:”
And now, Bernanke wants to capitalize on his failures and foresight failures to increase his regulatory powers?
Screw up, move up: It’s the Washington way.