Amid great economic stress, policymakers have missed many opportunities to improve the situation and better the lives of people. The leadership void in the U.S. was illustrated by the dismal display of policy dysfunction that led the country to lose its AAA credit rating. European leaders have fared no better. Ben Bernanke and the Fed, however, have demonstrated leadership. What is both remarkable and instructive for the outlook for monetary policy is how active the Fed remains even though it has reached the zero-bound for interest rates.​ .... It is Ben Bernankeâs finest hour. http://www.pimco.com/EN/insights/pages/ben-bernanke-the-decider.aspx You can criticize Ben Bernanke as much as you want, but I think Tony Creszenci is right with his assessment on "helicopter Ben"! At least he is a decider and not a coward like his European counterparts!