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The Witlessness and UN-Wisdom of Ben Bernanke
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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.

(Republished from by permission of author or representative)
• Category: Ideology • Tags: Fiscal Stimulus, Subprime crisis