Hating Bernanke
Why all the hate for Bernanke?
The argument is made that Bernanke, by “continuing to focus on a battle (saving fictitious capital) that has already been lost, [has] set the stage to lose the biggest battle of all, the destruction of money.” -Russ Winter. How is Bernanke doing this? By cutting interest rates. But is Bernanke lowering rates ARTIFICIALLY, or just lowering rates to market levels? Looking at the 2-yr Treasury hitting 1.49% today, one could argue that raising rates would be artificially trying to prop up the dollar.
Just trying to think outside the box, here.
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