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That, in itself, is worth the vote I'll give him. The problem, of course, is he'll put another idiot in his place. Of course this means Bernanke will do all he can to keep Obama in charge.
He already mentioned the possibility today. The markets loved it. The problem is that so did oil, and gas prices will follow. Bernanke only has one trick in his bag - print money. That's it. Nothing else. He can change the way he prints, but at the end of the day, he knows nothing else. So the result will be the same - inflation.
Ben Bernanke is the only guy that is worse than Obama, he was simply Bush's greatest mistake. This guy should be tried for economic crimes and then shot. What a fucking waste of space.
I think this is a bone for the Libertarian-wing of the GOP. Doesn't mean much. Romney is Wallstreet and the Fed will continue in the same direction, under a new Chairman.
Ya know Milton Friedman was a QE supporter back in the day when he talked about Japan. What kind of republican doesn't support old Milty? Given the state of the world economy, a new Fed chairman won't do anything different. Etch A Sketch was just going along with popular opinion at the time.
This one. http://pragcap.com/milton-friedman-misunderstood-quantitative-easing As for recommending Japan to use QE, yeah, that's got them doing alright now, hasn't it? 10 years of QE and they're swinging along wonderfully. Wait...no they're not. Oops.