http://online.wsj.com/article/SB124403584900281215.html One wonders how it can be that of all people ....Bernanke finally mentions the significance of willy nilly economics....Being the cause and cure of deficits ? One cannot be both.... It is already inevitable that these items need to be addressed....right now.... Govt downsizing....must be localized via the internet.... Political system changes....no more two party by advertising budget system....via internet.... Reduction in education costs while raising quality....via internet.... Elimination of legal largesse "lobbyist system".... Tax structure changes....10% VAT only Job creation focus Eliminate personal/corporate income taxes.... Medicine....cost reductions Financial structure changes....the future belongs to the Direct Edge and BATS business models....with information being WIKI based.... The exchanges should be housed away from the SEC/Big Corp. governance....Computer banks can be located anywhere.... The above is going to happen by default based on needs....
http://globaleconomicanalysis.blogspot.com/2009/06/bernankes-monkey-see-monkey-dont-policy.html There is just no political will....no backbone.... Just "jelly backed vote getters".... Pandora's financial box has been openned by Bernanke & Co....and no one has thought about how to shut it.... Monkey see....monkey don't.... There is no exit plan.... Iraq ring a bell ?
Could be he is looking at what opportunities he will have when his term ends given that he may not be reappointed. Trying to retain or regain a shred of credibility before he leaves office will probably help, especially when the much vaunted green shoots wither and die.